Commerce Bank Has $17.36 Million Position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Commerce Bank lowered its holdings in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,528 shares of the company’s stock after selling 220 shares during the quarter. Commerce Bank’s holdings in iShares U.S. Basic Materials ETF were worth $17,362,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of IYM. CWM LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 15.6% during the fourth quarter. CWM LLC now owns 636 shares of the company’s stock valued at $88,000 after acquiring an additional 86 shares during the period. Navis Wealth Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 1.1% during the fourth quarter. Navis Wealth Advisors LLC now owns 7,845 shares of the company’s stock valued at $1,084,000 after acquiring an additional 87 shares during the period. FORVIS Wealth Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 2.1% during the first quarter. FORVIS Wealth Advisors LLC now owns 4,522 shares of the company’s stock valued at $668,000 after acquiring an additional 91 shares during the period. Mutual Advisors LLC lifted its stake in shares of iShares U.S. Basic Materials ETF by 8.0% during the fourth quarter. Mutual Advisors LLC now owns 2,115 shares of the company’s stock valued at $292,000 after acquiring an additional 156 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at $28,000.

iShares U.S. Basic Materials ETF Trading Up 0.9 %

Shares of IYM traded up $1.24 during trading hours on Wednesday, hitting $140.50. 5,208 shares of the stock traded hands, compared to its average volume of 27,882. iShares U.S. Basic Materials ETF has a 1-year low of $119.22 and a 1-year high of $149.79. The firm has a market capitalization of $646.30 million, a PE ratio of 13.76 and a beta of 0.87. The business has a fifty day moving average of $142.92 and a 200-day moving average of $140.49.

iShares U.S. Basic Materials ETF 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.