Steward Partners Investment Advisory LLC Grows Stake in iShares Global Materials ETF (NYSEARCA:MXI)

Steward Partners Investment Advisory LLC boosted its position in iShares Global Materials ETF (NYSEARCA:MXI) by 85.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 380 shares of the company’s stock after buying an additional 175 shares during the period. Steward Partners Investment Advisory LLC’s holdings in iShares Global Materials ETF were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MXI. FMR LLC increased its stake in iShares Global Materials ETF by 160.2% in the 3rd quarter. FMR LLC now owns 601 shares of the company’s stock valued at $56,000 after purchasing an additional 370 shares in the last quarter. Jones Financial Companies Lllp increased its stake in iShares Global Materials ETF by 45.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,159 shares of the company’s stock valued at $90,000 after purchasing an additional 361 shares in the last quarter. YANKCOM Partnership purchased a new position in iShares Global Materials ETF in the 4th quarter valued at approximately $123,000. Allworth Financial LP purchased a new position in iShares Global Materials ETF during the fourth quarter worth $136,000. Finally, Perigon Wealth Management LLC increased its position in iShares Global Materials ETF by 4.2% during the fourth quarter. Perigon Wealth Management LLC now owns 3,751 shares of the company’s stock worth $300,000 after buying an additional 150 shares in the last quarter.

iShares Global Materials ETF Stock Performance

iShares Global Materials ETF stock opened at $84.98 on Thursday. The company has a market capitalization of $220.95 million, a price-to-earnings ratio of 20.07 and a beta of 1.03. iShares Global Materials ETF has a fifty-two week low of $77.02 and a fifty-two week high of $94.38. The stock has a fifty day moving average of $82.27 and a two-hundred day moving average of $84.78.

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).