Counterweight Ventures LLC Sells 77 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Counterweight Ventures LLC cut its holdings in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,874 shares of the company’s stock after selling 77 shares during the quarter. Counterweight Ventures LLC owned 0.08% of iShares U.S. Basic Materials ETF worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in iShares U.S. Basic Materials ETF in the 3rd quarter valued at about $7,508,000. Sachetta LLC lifted its stake in iShares U.S. Basic Materials ETF by 3.2% during the third quarter. Sachetta LLC now owns 44,106 shares of the company’s stock worth $6,623,000 after purchasing an additional 1,370 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of iShares U.S. Basic Materials ETF by 34.9% in the 3rd quarter. Prospera Financial Services Inc now owns 8,739 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,263 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at $746,000. Finally, Private Advisor Group LLC lifted its position in shares of iShares U.S. Basic Materials ETF by 40.6% during the 3rd quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock worth $708,000 after buying an additional 1,362 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Down 1.2 %

iShares U.S. Basic Materials ETF stock opened at $136.96 on Friday. The stock has a market cap of $630.02 million, a PE ratio of 13.76 and a beta of 0.87. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55. The business’s 50-day moving average price is $135.88 and its two-hundred day moving average price is $142.05.

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.