Picton Mahoney Asset Management Sells 900 Shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM)

Picton Mahoney Asset Management lowered its stake in shares of iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 52.9% during the fourth quarter, HoldingsChannel reports. The fund owned 800 shares of the company’s stock after selling 900 shares during the quarter. Picton Mahoney Asset Management’s holdings in iShares U.S. Basic Materials ETF were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Basic Materials ETF during the 3rd quarter worth about $7,508,000. Raymond James Financial Inc. bought a new position in iShares U.S. Basic Materials ETF during the fourth quarter valued at about $2,091,000. Matauro LLC acquired a new position in iShares U.S. Basic Materials ETF in the 4th quarter valued at approximately $809,000. PNC Financial Services Group Inc. lifted its position in shares of iShares U.S. Basic Materials ETF by 926.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,357 shares of the company’s stock worth $696,000 after acquiring an additional 4,835 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of iShares U.S. Basic Materials ETF during the 4th quarter worth approximately $593,000.

iShares U.S. Basic Materials ETF Trading Up 1.5 %

IYM opened at $135.34 on Monday. The stock has a market cap of $514.29 million, a PE ratio of 24.29 and a beta of 1.15. iShares U.S. Basic Materials ETF has a 1 year low of $128.19 and a 1 year high of $153.55. The stock’s 50 day simple moving average is $136.57 and its 200-day simple moving average is $141.35.

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.