Pathway Financial Advisors LLC lowered its holdings in iShares Global Materials ETF (NYSEARCA:MXI – Free Report) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 165,886 shares of the company’s stock after selling 19,942 shares during the quarter. iShares Global Materials ETF comprises about 2.0% of Pathway Financial Advisors LLC’s investment portfolio, making the stock its 14th largest position. Pathway Financial Advisors LLC owned 4.15% of iShares Global Materials ETF worth $17,748,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MXI. Western Wealth Management LLC acquired a new position in iShares Global Materials ETF during the 1st quarter worth $28,000. Trust Co. of Vermont bought a new stake in shares of iShares Global Materials ETF during the 2nd quarter valued at $40,000. Integrated Wealth Concepts LLC bought a new stake in shares of iShares Global Materials ETF during the 2nd quarter valued at $117,000. Fifth Third Bancorp lifted its stake in shares of iShares Global Materials ETF by 137.1% in the 1st quarter. Fifth Third Bancorp now owns 1,892 shares of the company’s stock valued at $201,000 after purchasing an additional 1,094 shares during the period. Finally, First Bancorp Inc ME acquired a new position in shares of iShares Global Materials ETF in the 2nd quarter valued at $365,000.
iShares Global Materials ETF Trading Down 1.4%
Shares of NYSEARCA:MXI traded down $1.58 during midday trading on Wednesday, hitting $108.14. The company had a trading volume of 4,572 shares, compared to its average volume of 33,451. iShares Global Materials ETF has a 12 month low of $87.82 and a 12 month high of $118.51. The firm has a fifty day simple moving average of $111.69 and a 200 day simple moving average of $109.72. The stock has a market cap of $432.57 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.
iShares Global Materials ETF 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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