Verity Asset Management Inc. bought a new stake in iShares Global Materials ETF (NYSEARCA:MXI – Free Report) during the third quarter, HoldingsChannel reports. The firm bought 6,151 shares of the company’s stock, valued at approximately $658,000.
A number of other institutional investors have also modified their holdings of the stock. Waverly Advisors LLC acquired a new position in iShares Global Materials ETF in the second quarter worth about $485,000. Solstein Capital LLC bought a new stake in iShares Global Materials ETF in the second quarter valued at about $967,000. Cetera Investment Advisers acquired a new stake in iShares Global Materials ETF during the first quarter valued at approximately $587,000. BFI Infinity Ltd. acquired a new stake in iShares Global Materials ETF during the third quarter valued at approximately $497,000. Finally, Bank of America Corp DE raised its stake in iShares Global Materials ETF by 57.2% during the first quarter. Bank of America Corp DE now owns 117,422 shares of the company’s stock valued at $12,473,000 after buying an additional 42,740 shares in the last quarter.
iShares Global Materials ETF Stock Up 3.7%
NYSEARCA:MXI opened at $110.09 on Thursday. The business’s 50 day moving average is $110.07 and its two-hundred day moving average is $109.48. iShares Global Materials ETF has a 52 week low of $88.12 and a 52 week high of $118.51. The company has a market cap of $407.33 million, a PE ratio of 19.36 and a beta of 0.90.
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). 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.
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