iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Basic Materials ETF (NYSEARCA:IYMGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 26,992 shares traded hands during trading, an increase of 20% from the previous session’s volume of 22,470 shares.The stock last traded at $137.90 and had previously closed at $137.71.

iShares U.S. Basic Materials ETF Stock Up 0.3 %

The firm has a 50-day moving average price of $137.67 and a two-hundred day moving average price of $142.45. The firm has a market cap of $635.58 million, a PE ratio of 13.76 and a beta of 0.87.

Institutional Investors Weigh In On iShares U.S. Basic Materials ETF

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares U.S. Basic Materials ETF by 11.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,635 shares of the company’s stock worth $212,000 after acquiring an additional 169 shares during the period. HighTower Advisors LLC raised its position in iShares U.S. Basic Materials ETF by 3.3% in the third quarter. HighTower Advisors LLC now owns 3,522 shares of the company’s stock valued at $528,000 after purchasing an additional 111 shares during the period. Stifel Financial Corp lifted its stake in iShares U.S. Basic Materials ETF by 7.3% during the third quarter. Stifel Financial Corp now owns 3,792 shares of the company’s stock worth $570,000 after purchasing an additional 257 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Basic Materials ETF during the second quarter worth $746,000. Finally, Signal Advisors Wealth LLC raised its holdings in shares of iShares U.S. Basic Materials ETF by 3.2% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,470 shares of the company’s stock valued at $321,000 after buying an additional 76 shares during the period.

iShares U.S. Basic Materials ETF Company Profile

(Get Free Report)

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.

Further Reading

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