iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Rating) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,381 shares of the company’s stock after selling 13,690 shares during the period. Raymond James & Associates’ holdings in iShares U.S. Basic Materials ETF were worth $6,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Navis Wealth Advisors LLC raised its position in shares of iShares U.S. Basic Materials ETF by 1.2% in the fourth quarter. Navis Wealth Advisors LLC now owns 7,701 shares of the company’s stock valued at $961,000 after buying an additional 91 shares during the last quarter. Baker Avenue Asset Management LP raised its position in shares of iShares U.S. Basic Materials ETF by 5.5% in the third quarter. Baker Avenue Asset Management LP now owns 3,062 shares of the company’s stock valued at $331,000 after buying an additional 161 shares during the last quarter. US Bancorp DE raised its position in shares of iShares U.S. Basic Materials ETF by 34.5% in the third quarter. US Bancorp DE now owns 713 shares of the company’s stock valued at $77,000 after buying an additional 183 shares during the last quarter. Captrust Financial Advisors increased its position in iShares U.S. Basic Materials ETF by 3.5% during the first quarter. Captrust Financial Advisors now owns 5,929 shares of the company’s stock worth $887,000 after purchasing an additional 200 shares during the last quarter. Finally, Genesee Capital Advisors LLC increased its position in iShares U.S. Basic Materials ETF by 6.2% during the fourth quarter. Genesee Capital Advisors LLC now owns 3,882 shares of the company’s stock worth $484,000 after purchasing an additional 225 shares during the last quarter.

iShares U.S. Basic Materials ETF Trading Up 0.0 %

iShares U.S. Basic Materials ETF stock opened at $127.12 on Friday. iShares U.S. Basic Materials ETF has a 12-month low of $106.29 and a 12-month high of $145.12. The stock has a market cap of $794.50 million, a P/E ratio of 12.00 and a beta of 1.14. The company has a 50-day moving average price of $129.29 and a 200 day moving average price of $130.57.

iShares U.S. Basic Materials ETF Company Profile

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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.