iShares Global Materials ETF (NYSEARCA:MXI) Stock Price Cross Above Fifty Day Moving Average – Here’s What Happened

iShares Global Materials ETF (NYSEARCA:MXI)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $107.91 and traded as high as $113.04. iShares Global Materials ETF shares last traded at $112.99, with a volume of 9,155 shares changing hands.

iShares Global Materials ETF Stock Performance

The stock’s 50-day moving average is $107.91 and its 200 day moving average is $108.93. The stock has a market capitalization of $361.57 million, a PE ratio of 18.88 and a beta of 0.88.

Hedge Funds Weigh In On iShares Global Materials ETF

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in shares of iShares Global Materials ETF by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 7,853 shares of the company’s stock worth $760,000 after purchasing an additional 129 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of iShares Global Materials ETF by 20.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 985 shares of the company’s stock valued at $95,000 after purchasing an additional 164 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares Global Materials ETF by 45.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock worth $64,000 after buying an additional 206 shares during the last quarter. Western Wealth Management LLC purchased a new position in iShares Global Materials ETF during the 1st quarter worth approximately $28,000. Finally, HighTower Advisors LLC increased its position in iShares Global Materials ETF by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 105,893 shares of the company’s stock worth $10,234,000 after buying an additional 353 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). 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.