Raymond James Financial Services Advisors Inc. Sells 4,496 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Raymond James Financial Services Advisors Inc. lessened its stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYMGet Rating) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,811 shares of the company’s stock after selling 4,496 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.30% of iShares U.S. Basic Materials ETF worth $2,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYM. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Basic Materials ETF by 9.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,116 shares of the company’s stock valued at $466,000 after purchasing an additional 275 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of iShares U.S. Basic Materials ETF by 5.3% in the 1st quarter. HighTower Advisors LLC now owns 4,866 shares of the company’s stock valued at $725,000 after purchasing an additional 247 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of iShares U.S. Basic Materials ETF by 46.7% in the 1st quarter. Synovus Financial Corp now owns 4,367 shares of the company’s stock valued at $654,000 after purchasing an additional 1,390 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of iShares U.S. Basic Materials ETF by 114.6% in the 1st quarter. Blair William & Co. IL now owns 515 shares of the company’s stock valued at $77,000 after purchasing an additional 275 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of iShares U.S. Basic Materials ETF in the 1st quarter valued at $12,213,000.

iShares U.S. Basic Materials ETF Stock Performance

Shares of iShares U.S. Basic Materials ETF stock opened at $124.73 on Wednesday. iShares U.S. Basic Materials ETF has a 52-week low of $106.29 and a 52-week high of $145.12. The stock has a market capitalization of $779.56 million, a price-to-earnings ratio of 12.00 and a beta of 1.14. The company has a fifty day moving average of $129.18 and a 200-day moving average of $130.77.

About iShares U.S. Basic Materials ETF

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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.

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Institutional Ownership by Quarter for iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

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