Forvis Mazars Wealth Advisors LLC Buys New Stake in iShares U.S. Basic Materials ETF $IYM

Forvis Mazars Wealth Advisors LLC purchased a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 3,602 shares of the company’s stock, valued at approximately $642,000.

A number of other hedge funds have also recently made changes to their positions in the company. Compass Financial Management LLC purchased a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter valued at $29,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $36,000. Ascentis Independent Advisors purchased a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter worth $40,000. Angeles Wealth Management LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the first quarter worth $41,000. Finally, Field & Main Bank purchased a new stake in shares of iShares U.S. Basic Materials ETF in the second quarter worth $56,000.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA:IYM opened at $182.09 on Wednesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. iShares U.S. Basic Materials ETF has a 52-week low of $139.08 and a 52-week high of $197.36. The stock has a fifty day moving average of $186.54 and a 200 day moving average of $183.12.

iShares U.S. Basic Materials ETF Company Profile

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.