Shares of iShares Global Materials ETF (NYSEARCA:MXI – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $87.23 and traded as low as $86.95. iShares Global Materials ETF shares last traded at $86.95, with a volume of 6,299 shares.
iShares Global Materials ETF Stock Down 1.7 %
The firm has a fifty day moving average of $87.23 and a 200-day moving average of $83.78. The stock has a market capitalization of $252.16 million, a price-to-earnings ratio of 10.52 and a beta of 1.01.
Hedge Funds Weigh In On iShares Global Materials ETF
Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new position in shares of iShares Global Materials ETF in the fourth quarter worth $35,000. Patriot Investment Management Group Inc. acquired a new position in shares of iShares Global Materials ETF in the fourth quarter worth $201,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of iShares Global Materials ETF in the third quarter worth $211,000. Perigon Wealth Management LLC raised its holdings in shares of iShares Global Materials ETF by 5.5% in the third quarter. Perigon Wealth Management LLC now owns 3,251 shares of the company’s stock worth $255,000 after acquiring an additional 170 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of iShares Global Materials ETF by 13.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,788 shares of the company’s stock worth $418,000 after acquiring an additional 554 shares during the last quarter.
About iShares Global Materials ETF
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).
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