iShares Global Materials ETF $MXI Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,817 shares of the company’s stock after selling 24,817 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.99% of iShares Global Materials ETF worth $2,293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of iShares Global Materials ETF during the third quarter worth about $49,000. Steward Partners Investment Advisory LLC raised its stake in iShares Global Materials ETF by 82.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock valued at $70,000 after buying an additional 371 shares in the last quarter. CX Institutional raised its stake in iShares Global Materials ETF by 1,415.9% during the second quarter. CX Institutional now owns 955 shares of the company’s stock valued at $82,000 after buying an additional 892 shares in the last quarter. Allworth Financial LP lifted its holdings in iShares Global Materials ETF by 17.9% during the 2nd quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock worth $169,000 after buying an additional 300 shares during the last quarter. Finally, Patriot Investment Management Group Inc. acquired a new position in shares of iShares Global Materials ETF in the 3rd quarter worth approximately $213,000.

iShares Global Materials ETF Trading Up 0.3%

Shares of NYSEARCA MXI opened at $104.70 on Friday. The business has a 50 day simple moving average of $95.47 and a 200-day simple moving average of $91.51. iShares Global Materials ETF has a twelve month low of $71.01 and a twelve month high of $105.00. The company has a market capitalization of $287.93 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

iShares Global Materials ETF Company Profile

iShares Global Materials ETF, formerly iShares S&P Global Materials Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Materials Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.