iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $109.55 and traded as low as $108.93. iShares Global Materials ETF shares last traded at $109.21, with a volume of 13,678 shares changing hands.
iShares Global Materials ETF Stock Performance
The company has a market capitalization of $404.08 million, a price-to-earnings ratio of 19.36 and a beta of 0.89. The company has a fifty day simple moving average of $109.44 and a two-hundred day simple moving average of $109.55.
Institutional Investors Weigh In On iShares Global Materials ETF
A number of institutional investors have recently added to or reduced their stakes in MXI. Private Advisor Group LLC acquired a new position in shares of iShares Global Materials ETF in the 3rd quarter valued at about $1,746,000. Banco Santander S.A. purchased a new stake in shares of iShares Global Materials ETF during the 3rd quarter worth about $4,669,000. HighTower Advisors LLC acquired a new stake in iShares Global Materials ETF during the 3rd quarter worth approximately $11,140,000. Bessemer Group Inc. acquired a new stake in iShares Global Materials ETF during the 3rd quarter worth approximately $333,000. Finally, Fisher Asset Management LLC purchased a new position in iShares Global Materials ETF in the third quarter valued at approximately $509,000.
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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