Foguth Wealth Management LLC. trimmed its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Free Report) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,960 shares of the company’s stock after selling 408 shares during the quarter. Foguth Wealth Management LLC.’s holdings in iShares U.S. Basic Materials ETF were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF in the 2nd quarter valued at about $746,000. CWM LLC grew its stake in iShares U.S. Basic Materials ETF by 15.3% in the third quarter. CWM LLC now owns 724 shares of the company’s stock valued at $109,000 after acquiring an additional 96 shares during the period. Private Advisor Group LLC grew its stake in iShares U.S. Basic Materials ETF by 40.6% in the third quarter. Private Advisor Group LLC now owns 4,714 shares of the company’s stock valued at $708,000 after acquiring an additional 1,362 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of iShares U.S. Basic Materials ETF during the third quarter valued at approximately $206,000. Finally, Reston Wealth Management LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the third quarter worth approximately $50,000.
iShares U.S. Basic Materials ETF Trading Up 0.3 %
NYSEARCA IYM opened at $138.52 on Wednesday. The company has a market cap of $637.19 million, a P/E ratio of 13.76 and a beta of 0.87. The company has a fifty day simple moving average of $136.43 and a 200 day simple moving average of $142.14. iShares U.S. Basic Materials ETF has a 12-month low of $128.19 and a 12-month high of $153.55.
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.
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