First Bancorp Inc ME Cuts Stock Position in iShares Global Materials ETF (NYSEARCA:MXI)

First Bancorp Inc ME lessened its holdings in iShares Global Materials ETF (NYSEARCA:MXI) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,370 shares of the company’s stock after selling 160 shares during the period. First Bancorp Inc ME’s holdings in iShares Global Materials ETF were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in iShares Global Materials ETF during the 4th quarter valued at $351,000. Fisher Asset Management LLC grew its holdings in iShares Global Materials ETF by 40.0% during the 3rd quarter. Fisher Asset Management LLC now owns 12,390 shares of the company’s stock valued at $1,155,000 after purchasing an additional 3,543 shares in the last quarter. Pathway Financial Advisors LLC grew its holdings 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 purchasing an additional 3,429 shares in 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 valued at $3,828,000 after purchasing an additional 2,326 shares in the last quarter. Finally, Patriot Investment Management Group Inc. acquired a new stake in iShares Global Materials ETF during the 3rd quarter valued at $214,000.

iShares Global Materials ETF Price Performance

Shares of MXI stock opened at $82.13 on Friday. The firm has a market cap of $238.18 million, a P/E ratio of 10.97 and a beta of 0.95. iShares Global Materials ETF has a 1-year low of $77.02 and a 1-year high of $94.38. The firm has a fifty day moving average of $81.64 and a two-hundred day moving average of $85.65.

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).