J. Safra Sarasin Holding AG Takes Position in iShares Global Materials ETF $MXI

J. Safra Sarasin Holding AG purchased a new position in shares of iShares Global Materials ETF (NYSEARCA:MXI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,502 shares of the company’s stock, valued at approximately $1,305,000. J. Safra Sarasin Holding AG owned 0.49% of iShares Global Materials ETF at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in iShares Global Materials ETF during the 3rd quarter valued at approximately $49,000. Steward Partners Investment Advisory LLC increased its position in iShares Global Materials ETF by 82.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after buying an additional 371 shares during the period. Allworth Financial LP lifted its stake in iShares Global Materials ETF by 9.8% in the third quarter. Allworth Financial LP now owns 2,170 shares of the company’s stock valued at $201,000 after buying an additional 194 shares during the last quarter. Patriot Investment Management Group Inc. bought a new stake in iShares Global Materials ETF in the third quarter valued at $213,000. Finally, Gladstone Institutional Advisory LLC boosted its holdings in shares of iShares Global Materials ETF by 34.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 6,042 shares of the company’s stock valued at $559,000 after acquiring an additional 1,545 shares during the period.

iShares Global Materials ETF Stock Performance

iShares Global Materials ETF stock opened at $108.00 on Thursday. iShares Global Materials ETF has a one year low of $71.01 and a one year high of $116.61. The company has a 50-day simple moving average of $108.43 and a 200-day simple moving average of $99.14. The firm has a market capitalization of $313.20 million, a P/E ratio of 18.88 and a beta of 0.96.

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). 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.