Pathway Financial Advisors LLC Purchases 10,064 Shares of iShares Global Materials ETF $MXI

Pathway Financial Advisors LLC grew its position in iShares Global Materials ETF (NYSEARCA:MXI) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,236 shares of the company’s stock after acquiring an additional 10,064 shares during the period. iShares Global Materials ETF accounts for 2.2% of Pathway Financial Advisors LLC’s portfolio, making the stock its 13th largest holding. Pathway Financial Advisors LLC owned about 7.21% of iShares Global Materials ETF worth $16,666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MXI. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Global Materials ETF by 40.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 457 shares of the company’s stock valued at $37,000 after purchasing an additional 131 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares Global Materials ETF by 82.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after purchasing an additional 371 shares during the last quarter. CX Institutional increased its stake in shares of iShares Global Materials ETF by 1,415.9% in the second quarter. CX Institutional now owns 955 shares of the company’s stock valued at $82,000 after buying an additional 892 shares in the last quarter. Allworth Financial LP increased its stake in shares of iShares Global Materials ETF by 17.9% in the second quarter. Allworth Financial LP now owns 1,976 shares of the company’s stock valued at $169,000 after buying an additional 300 shares in the last quarter. Finally, Fortis Advisors LLC bought a new position in shares of iShares Global Materials ETF in the second quarter valued at about $251,000.

iShares Global Materials ETF Stock Up 0.5%

Shares of NYSEARCA MXI opened at $95.88 on Friday. iShares Global Materials ETF has a 12-month low of $71.01 and a 12-month high of $96.97. The firm’s 50-day simple moving average is $92.23 and its 200 day simple moving average is $89.63. The company has a market cap of $239.70 million, a price-to-earnings ratio of 18.88 and a beta of 0.96.

iShares Global Materials ETF 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.