23,052 Shares in iShares Global Materials ETF $MXI Bought by Palladiem LLC

Palladiem LLC acquired a new stake in iShares Global Materials ETF (NYSEARCA:MXI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 23,052 shares of the company’s stock, valued at approximately $2,246,000. iShares Global Materials ETF accounts for 2.1% of Palladiem LLC’s investment portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in iShares Global Materials ETF by 45.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock valued at $64,000 after purchasing an additional 206 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in iShares Global Materials ETF in the 4th quarter valued at $79,000. HighTower Advisors LLC grew its stake in iShares Global Materials ETF by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 105,893 shares of the company’s stock valued at $10,234,000 after purchasing an additional 353 shares during the period. Ameritas Advisory Services LLC grew its stake in iShares Global Materials ETF by 1,782.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,364 shares of the company’s stock valued at $518,000 after purchasing an additional 5,079 shares during the period. Finally, Climber Capital SA bought a new position in iShares Global Materials ETF in the 4th quarter valued at $543,000.

iShares Global Materials ETF Price Performance

Shares of NYSEARCA:MXI opened at $108.58 on Friday. The company has a market capitalization of $325.74 million, a PE ratio of 18.88 and a beta of 0.86. The business has a fifty day moving average price of $110.59 and a two-hundred day moving average price of $105.40. iShares Global Materials ETF has a 1 year low of $82.49 and a 1 year high of $116.61.

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.