Pathway Financial Advisors LLC decreased its holdings in shares of iShares Dow Jones US Basic Mater. (BMV:IYM) by 28.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 14,351 shares of the company’s stock after selling 5,631 shares during the period. Pathway Financial Advisors LLC’s holdings in iShares Dow Jones US Basic Mater. were worth $1,312,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Legacy Advisors LLC purchased a new stake in shares of iShares Dow Jones US Basic Mater. during the first quarter worth about $181,000. Liberty Wealth Management LLC purchased a new stake in iShares Dow Jones US Basic Mater. in the fourth quarter valued at approximately $29,000. Pathlight Investors LLC purchased a new stake in iShares Dow Jones US Basic Mater. in the fourth quarter valued at approximately $202,000. 10 15 Associates Inc. boosted its position in iShares Dow Jones US Basic Mater. by 4.0% in the fourth quarter. 10 15 Associates Inc. now owns 10,246 shares of the company’s stock valued at $860,000 after buying an additional 390 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in iShares Dow Jones US Basic Mater. by 2.6% in the fourth quarter. Cetera Advisors LLC now owns 5,805 shares of the company’s stock valued at $489,000 after buying an additional 145 shares during the last quarter.

BMV IYM traded down $0.21 during trading hours on Thursday, reaching $94.61. iShares Dow Jones US Basic Mater. has a 12 month low of $1,613.95 and a 12 month high of $1,980.10.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were given a $0.3966 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.59 dividend on an annualized basis and a yield of 1.68%. This is a positive change from iShares Dow Jones US Basic Mater.’s previous quarterly dividend of $0.30.

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Institutional Ownership by Quarter for iShares Dow Jones US Basic Mater. (BMV:IYM)

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