iShares Global Materials ETF (NYSEARCA:MXI) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

iShares Global Materials ETF (NYSEARCA:MXI) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $87.13 and traded as low as $82.32. iShares Global Materials ETF shares last traded at $82.32, with a volume of 11,785 shares changing hands.

iShares Global Materials ETF Stock Performance

The stock has a market capitalization of $238.73 million, a price-to-earnings ratio of 10.97 and a beta of 0.95. The business has a fifty day simple moving average of $87.26 and a 200 day simple moving average of $87.13.

Hedge Funds Weigh In On iShares Global Materials ETF

A number of hedge funds have recently bought and sold shares of the business. Pathway Financial Advisors LLC grew its position in 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 in the last quarter. HighTower Advisors LLC grew its holdings in shares of iShares Global Materials ETF by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 94,130 shares of the company’s stock worth $8,774,000 after purchasing an additional 297 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of iShares Global Materials ETF by 1.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 78,792 shares of the company’s stock worth $6,692,000 after purchasing an additional 1,107 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of iShares Global Materials ETF by 2.7% in the second quarter. Susquehanna International Group LLP now owns 46,603 shares of the company’s stock worth $3,958,000 after purchasing an additional 1,231 shares during the period. Finally, Sinecera Capital LLC raised its stake in iShares Global Materials ETF by 6.0% in the third 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.

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).