iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Unusually-High Trading Volume

Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) saw an uptick in trading volume on Wednesday . 313,398 shares were traded during trading, an increase of 1,006% from the previous session’s volume of 28,337 shares.The stock last traded at $140.09 and had previously closed at $138.67.

iShares U.S. Basic Materials ETF Stock Up 0.0 %

The company has a 50-day moving average price of $143.06 and a two-hundred day moving average price of $140.40. The stock has a market capitalization of $644.51 million, a P/E ratio of 13.76 and a beta of 0.87.

Institutional Trading of iShares U.S. Basic Materials ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its stake in shares of iShares U.S. Basic Materials ETF by 12.4% in the third quarter. Sunbelt Securities Inc. now owns 2,587 shares of the company’s stock worth $327,000 after buying an additional 285 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of iShares U.S. Basic Materials ETF in the fourth quarter valued at $45,000. Gilman Hill Asset Management LLC bought a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $207,000. Kesler Norman & Wride LLC increased its position in shares of iShares U.S. Basic Materials ETF by 32.4% during the fourth quarter. Kesler Norman & Wride LLC now owns 2,374 shares of the company’s stock worth $328,000 after acquiring an additional 581 shares during the period. Finally, Brookstone Capital Management lifted its stake in iShares U.S. Basic Materials ETF by 8.7% in the fourth quarter. Brookstone Capital Management now owns 19,089 shares of the company’s stock worth $2,637,000 after acquiring an additional 1,525 shares during the period.

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.