Solstein Capital LLC Takes $967,000 Position in iShares Global Materials ETF $MXI

Solstein Capital LLC acquired a new stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) during the 2nd quarter, Holdings Channel reports. The fund acquired 9,133 shares of the company’s stock, valued at approximately $967,000.

A number of other hedge funds have also recently bought and sold shares of the company. Western Wealth Management LLC acquired a new stake in iShares Global Materials ETF during the first quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in iShares Global Materials ETF in the 2nd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 206 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of iShares Global Materials ETF during the 4th quarter worth $74,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of iShares Global Materials ETF during the 4th quarter worth $79,000.

iShares Global Materials ETF Stock Down 0.6%

MXI stock opened at $115.45 on Tuesday. iShares Global Materials ETF has a 52-week low of $87.82 and a 52-week high of $118.51. The stock’s fifty day simple moving average is $109.03 and its 200-day simple moving average is $109.66. The stock has a market capitalization of $369.44 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.

iShares Global Materials ETF 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.