Tcfg Wealth Management LLC Makes New $4.90 Million Investment in iShares U.S. Basic Materials ETF $IYM

Tcfg Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,071 shares of the company’s stock, valued at approximately $4,901,000. iShares U.S. Basic Materials ETF accounts for about 1.2% of Tcfg Wealth Management LLC’s portfolio, making the stock its 17th biggest position.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Basic Materials ETF during the 2nd quarter worth about $44,278,000. Laurel Wealth Advisors LLC raised its position in iShares U.S. Basic Materials ETF by 13,901.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 19,602 shares of the company’s stock worth $2,744,000 after purchasing an additional 19,462 shares during the period. Bank of America Corp DE lifted its stake in iShares U.S. Basic Materials ETF by 5.2% in the second quarter. Bank of America Corp DE now owns 131,814 shares of the company’s stock worth $18,455,000 after purchasing an additional 6,462 shares during the last quarter. PGIM Custom Harvest LLC boosted its position in shares of iShares U.S. Basic Materials ETF by 1.4% during the second quarter. PGIM Custom Harvest LLC now owns 306,221 shares of the company’s stock valued at $42,874,000 after buying an additional 4,290 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of iShares U.S. Basic Materials ETF by 266.1% during the first quarter. Jane Street Group LLC now owns 5,707 shares of the company’s stock valued at $769,000 after buying an additional 4,148 shares during the last quarter.

iShares U.S. Basic Materials ETF Stock Performance

Shares of IYM stock opened at $170.81 on Thursday. The stock has a 50 day moving average price of $177.15 and a 200 day moving average price of $158.73. iShares U.S. Basic Materials ETF has a 52-week low of $115.07 and a 52-week high of $189.80. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.43 and a beta of 1.07.

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.