iShares Global Materials ETF (NYSEARCA:MXI) Stock Price Up 1.2% – What’s Next?

iShares Global Materials ETF (NYSEARCA:MXI) traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $104.51 and last traded at $104.36. 13,684 shares traded hands during trading, a decline of 68% from the average session volume of 42,887 shares. The stock had previously closed at $103.11.

iShares Global Materials ETF Stock Up 1.2%

The business has a 50-day moving average price of $95.16 and a two-hundred day moving average price of $91.42. The company has a market capitalization of $286.99 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

Institutional Investors Weigh In On iShares Global Materials ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in iShares Global Materials ETF by 9.8% during the 3rd quarter. Allworth Financial LP now owns 2,170 shares of the company’s stock valued at $201,000 after purchasing an additional 194 shares during the last quarter. Creative Planning lifted its holdings in shares of iShares Global Materials ETF by 4.0% in the second quarter. Creative Planning now owns 7,440 shares of the company’s stock valued at $636,000 after purchasing an additional 284 shares in the last quarter. Wealth Advisors of Tampa Bay LLC boosted its position in shares of iShares Global Materials ETF by 1.9% during the third quarter. Wealth Advisors of Tampa Bay LLC now owns 16,988 shares of the company’s stock valued at $1,571,000 after buying an additional 315 shares during the last quarter. Viawealth LLC grew its holdings in iShares Global Materials ETF by 7.5% during the second quarter. Viawealth LLC now owns 4,541 shares of the company’s stock worth $388,000 after buying an additional 317 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in iShares Global Materials ETF by 82.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after buying an additional 371 shares in 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). 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.