Conservest Capital Advisors Inc. Raises Stock Position in iShares U.S. Basic Materials ETF $IYM

Conservest Capital Advisors Inc. raised its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 751.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,660 shares of the company’s stock after acquiring an additional 17,350 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in iShares U.S. Basic Materials ETF were worth $3,459,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tcfg Wealth Management LLC bought a new position in iShares U.S. Basic Materials ETF in the 3rd quarter worth approximately $4,901,000. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Basic Materials ETF by 129.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after buying an additional 87,723 shares during the last quarter. Counterweight Ventures LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 207.6% in the first quarter. Counterweight Ventures LLC now owns 11,829 shares of the company’s stock worth $2,081,000 after buying an additional 7,984 shares in the last quarter. Three Seasons Wealth LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the fourth quarter worth $5,125,000. Finally, Wealthstar Advisors LLC purchased a new position in shares of iShares U.S. Basic Materials ETF in the first quarter worth $1,933,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of NYSEARCA:IYM opened at $177.79 on Wednesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 22.43 and a beta of 0.96. The firm has a fifty day moving average price of $182.68 and a 200 day moving average price of $178.08. iShares U.S. Basic Materials ETF has a fifty-two week low of $138.03 and a fifty-two week high of $191.37.

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.