iShares Global Materials ETF (NYSEARCA:MXI) Share Price Pass Below 50-Day Moving Average – What’s Next?

iShares Global Materials ETF (NYSEARCA:MXI)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $83.25 and traded as low as $77.34. iShares Global Materials ETF shares last traded at $78.10, with a volume of 10,996 shares traded.

iShares Global Materials ETF Stock Down 0.9 %

The stock has a market cap of $224.43 million, a PE ratio of 10.97 and a beta of 0.95. The firm has a fifty day moving average of $83.06 and a 200 day moving average of $86.04.

Hedge Funds Weigh In On iShares Global Materials ETF

Several large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its stake in shares of iShares Global Materials ETF by 2.7% during the second quarter. Susquehanna International Group LLP now owns 46,603 shares of the company’s stock worth $3,958,000 after buying an additional 1,231 shares during the period. Creative Planning boosted its stake in shares of iShares Global Materials ETF by 21.4% during the second quarter. Creative Planning now owns 7,988 shares of the company’s stock worth $678,000 after buying an additional 1,408 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Global Materials ETF by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,735 shares of the company’s stock worth $1,761,000 after buying an additional 244 shares during the period. Pathway Financial Advisors LLC boosted its stake in shares of iShares Global Materials ETF by 2.7% during the third quarter. Pathway Financial Advisors LLC now owns 132,199 shares of the company’s stock worth $12,328,000 after buying an additional 3,429 shares during the period. Finally, Sinecera Capital LLC boosted its stake in shares of iShares Global Materials ETF by 6.0% during the third quarter. Sinecera Capital LLC now owns 41,053 shares of the company’s stock worth $3,828,000 after buying an additional 2,326 shares during the period.

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).