iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $109.03 and traded as high as $116.45. iShares Global Materials ETF shares last traded at $115.45, with a volume of 105,868 shares changing hands.
iShares Global Materials ETF Stock Performance
The stock has a 50 day moving average of $109.17 and a two-hundred day moving average of $109.66. The firm has a market capitalization of $367.74 million, a P/E ratio of 18.88 and a beta of 0.88.
Hedge Funds Weigh In On iShares Global Materials ETF
A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of iShares Global Materials ETF by 57.2% during the 1st quarter. Bank of America Corp DE now owns 117,422 shares of the company’s stock worth $12,473,000 after buying an additional 42,740 shares during the period. HighTower Advisors LLC lifted its position in iShares Global Materials ETF by 0.3% during the 4th quarter. HighTower Advisors LLC now owns 105,893 shares of the company’s stock worth $10,234,000 after acquiring an additional 353 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares Global Materials ETF during the 1st quarter worth $3,378,000. LPL Financial LLC boosted its holdings in iShares Global Materials ETF by 2.5% during the fourth quarter. LPL Financial LLC now owns 32,388 shares of the company’s stock valued at $3,130,000 after acquiring an additional 805 shares during the period. Finally, UBS Group AG boosted its holdings in iShares Global Materials ETF by 18.2% during the fourth quarter. UBS Group AG now owns 25,839 shares of the company’s stock valued at $2,497,000 after acquiring an additional 3,978 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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