iShares Global Materials ETF (NYSEARCA:MXI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

iShares Global Materials ETF (NYSEARCA:MXI) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

iShares Global Materials ETF Price Performance

The firm has a 50-day simple moving average of $83.25 and a 200 day simple moving average of $86.10. The company has a market capitalization of $226.49 million, a PE ratio of 10.97 and a beta of 0.95.

Hedge Funds Weigh In On iShares Global Materials ETF

Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of iShares Global Materials ETF by 40.0% during the third quarter. Fisher Asset Management LLC now owns 12,390 shares of the company’s stock worth $1,155,000 after buying an additional 3,543 shares in the last quarter. Pathway Financial Advisors LLC boosted its stake in iShares Global Materials ETF by 2.7% during the 3rd quarter. Pathway Financial Advisors LLC now owns 132,199 shares of the company’s stock valued at $12,328,000 after acquiring an additional 3,429 shares during the last quarter. Sinecera Capital LLC grew its holdings in iShares Global Materials ETF by 6.0% during the 3rd quarter. Sinecera Capital LLC now owns 41,053 shares of the company’s stock worth $3,828,000 after acquiring an additional 2,326 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new position in iShares Global Materials ETF during the 3rd quarter worth $214,000. Finally, Creative Planning increased its position in shares of iShares Global Materials ETF by 21.4% in the 2nd quarter. Creative Planning now owns 7,988 shares of the company’s stock worth $678,000 after purchasing an additional 1,408 shares during the last quarter.

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).