iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $108.66 and traded as low as $105.57. iShares Global Materials ETF shares last traded at $106.45, with a volume of 15,359 shares changing hands.
iShares Global Materials ETF Stock Up 1.6%
The company has a fifty day moving average price of $108.66 and a 200-day moving average price of $108.48. The stock has a market capitalization of $340.64 million, a P/E ratio of 18.88 and a beta of 0.88.
Hedge Funds Weigh In On iShares Global Materials ETF
Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of iShares Global Materials ETF in the 1st quarter valued at approximately $3,378,000. Cresset Asset Management LLC grew its holdings in shares of iShares Global Materials ETF by 29.9% in the second quarter. Cresset Asset Management LLC now owns 6,360 shares of the company’s stock worth $544,000 after purchasing an additional 1,463 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of iShares Global Materials ETF by 6.8% during the second quarter. Osaic Holdings Inc. now owns 8,103 shares of the company’s stock valued at $694,000 after acquiring an additional 513 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of iShares Global Materials ETF by 9.8% in the third quarter. Private Advisor Group LLC now owns 9,493 shares of the company’s stock valued at $878,000 after purchasing an additional 845 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares Global Materials ETF by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 8,155 shares of the company’s stock valued at $753,000 after purchasing an additional 959 shares during the period.
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.
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