Kellett Wealth Advisors LLC Invests $1.20 Million in iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Kellett Wealth Advisors LLC acquired a new position in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,653 shares of the company’s stock, valued at approximately $1,195,000. iShares U.S. Basic Materials ETF accounts for about 0.9% of Kellett Wealth Advisors LLC’s holdings, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYM. Prudential Financial Inc. lifted its position in iShares U.S. Basic Materials ETF by 1,149.7% during the first quarter. Prudential Financial Inc. now owns 284,949 shares of the company’s stock valued at $42,617,000 after purchasing an additional 262,147 shares during the period. Allianz Asset Management GmbH acquired a new position in iShares U.S. Basic Materials ETF during the first quarter valued at $12,213,000. Providence Capital Advisors LLC lifted its position in iShares U.S. Basic Materials ETF by 13,152.9% during the first quarter. Providence Capital Advisors LLC now owns 49,831 shares of the company’s stock valued at $376,000 after purchasing an additional 49,455 shares during the period. Millennium Management LLC acquired a new position in iShares U.S. Basic Materials ETF during the second quarter valued at $5,651,000. Finally, Royal Bank of Canada lifted its position in iShares U.S. Basic Materials ETF by 75.2% during the first quarter. Royal Bank of Canada now owns 95,331 shares of the company’s stock valued at $14,258,000 after purchasing an additional 40,932 shares during the period.

iShares U.S. Basic Materials ETF Stock Performance

NYSEARCA IYM traded down $0.03 on Thursday, reaching $142.09. 12,860 shares of the company’s stock traded hands, compared to its average volume of 32,618. The firm has a market cap of $603.88 million, a price-to-earnings ratio of 14.11 and a beta of 0.92. The stock has a 50 day moving average price of $141.89 and a 200-day moving average price of $134.23. iShares U.S. Basic Materials ETF has a fifty-two week low of $119.22 and a fifty-two week high of $149.79.

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.