Graypoint LLC Buys New Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Graypoint LLC purchased a new position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,531 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also made changes to their positions in the stock. Morgan Stanley lifted its position in shares of iShares U.S. Basic Materials ETF by 1.4% in the third quarter. Morgan Stanley now owns 299,914 shares of the company’s stock worth $37,885,000 after purchasing an additional 4,047 shares in the last quarter. PGIM Custom Harvest LLC increased its holdings in iShares U.S. Basic Materials ETF by 1.2% in the third quarter. PGIM Custom Harvest LLC now owns 286,918 shares of the company’s stock worth $36,244,000 after buying an additional 3,399 shares during the last quarter. Prudential Financial Inc. increased its holdings in iShares U.S. Basic Materials ETF by 1,149.7% in the first quarter. Prudential Financial Inc. now owns 284,949 shares of the company’s stock worth $42,617,000 after buying an additional 262,147 shares during the last quarter. Wells Fargo & Company MN increased its holdings in iShares U.S. Basic Materials ETF by 0.7% in the second quarter. Wells Fargo & Company MN now owns 202,871 shares of the company’s stock worth $26,992,000 after buying an additional 1,334 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in iShares U.S. Basic Materials ETF by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 148,098 shares of the company’s stock worth $22,149,000 after buying an additional 39,581 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA:IYM opened at $143.05 on Tuesday. The stock’s 50 day moving average price is $141.31 and its 200 day moving average price is $134.01. iShares U.S. Basic Materials ETF has a 52 week low of $119.22 and a 52 week high of $149.79. The company has a market capitalization of $607.96 million, a P/E ratio of 14.11 and a beta of 0.92.

About iShares U.S. Basic Materials ETF

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.