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

Kellett Wealth Advisors LLC bought a new stake 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 firm bought 8,653 shares of the company’s stock, valued at approximately $1,195,000. iShares U.S. Basic Materials ETF comprises 0.9% of Kellett Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest position. Kellett Wealth Advisors LLC owned approximately 0.15% of iShares U.S. Basic Materials ETF as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IYM. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Basic Materials ETF by 9.7% during the first quarter. JPMorgan Chase & Co. now owns 3,116 shares of the company’s stock valued at $466,000 after purchasing an additional 275 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares U.S. Basic Materials ETF by 5.3% during the first quarter. HighTower Advisors LLC now owns 4,866 shares of the company’s stock valued at $725,000 after purchasing an additional 247 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of iShares U.S. Basic Materials ETF by 46.7% during the first quarter. Synovus Financial Corp now owns 4,367 shares of the company’s stock valued at $654,000 after purchasing an additional 1,390 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of iShares U.S. Basic Materials ETF by 114.6% during the first quarter. Blair William & Co. IL now owns 515 shares of the company’s stock valued at $77,000 after purchasing an additional 275 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at approximately $12,213,000.

iShares U.S. Basic Materials ETF Price Performance

NYSEARCA IYM traded down $0.03 during mid-day trading on Thursday, reaching $142.09. The stock had a trading volume of 12,860 shares, compared to its average volume of 32,618. iShares U.S. Basic Materials ETF has a 1 year low of $119.22 and a 1 year high of $149.79. The stock has a market cap of $603.88 million, a PE ratio of 14.11 and a beta of 0.92. The company has a fifty day moving average price of $141.89 and a 200 day moving average price of $134.23.

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.