Sinecera Capital LLC Has $4.20 Million Stock Holdings in iShares Global Materials ETF (NYSEARCA:MXI)

Sinecera Capital LLC lowered its holdings in iShares Global Materials ETF (NYSEARCA:MXI) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,276 shares of the company’s stock after selling 645 shares during the period. iShares Global Materials ETF comprises about 4.5% of Sinecera Capital LLC’s portfolio, making the stock its 5th largest holding. Sinecera Capital LLC owned 1.27% of iShares Global Materials ETF worth $4,197,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MXI. KCS Wealth Advisory acquired a new stake in iShares Global Materials ETF in the first quarter valued at $215,000. MBL Wealth LLC acquired a new stake in iShares Global Materials ETF in the first quarter valued at $410,000. Stratos Wealth Advisors LLC lifted its stake in shares of iShares Global Materials ETF by 5.8% during the 1st quarter. Stratos Wealth Advisors LLC now owns 8,058 shares of the company’s stock worth $674,000 after buying an additional 443 shares during the last quarter. Beam Wealth Advisors Inc. lifted its stake in shares of iShares Global Materials ETF by 1.9% during the 1st quarter. Beam Wealth Advisors Inc. now owns 16,834 shares of the company’s stock worth $1,409,000 after buying an additional 313 shares during the last quarter. Finally, Pathway Financial Advisors LLC lifted its stake in shares of iShares Global Materials ETF by 0.8% during the 1st quarter. Pathway Financial Advisors LLC now owns 123,590 shares of the company’s stock worth $10,341,000 after buying an additional 1,036 shares during the last quarter.

iShares Global Materials ETF Stock Down 0.7 %

Shares of NYSEARCA MXI traded down $0.53 during mid-day trading on Tuesday, reaching $80.54. 2,155 shares of the company were exchanged, compared to its average volume of 21,621. The company’s 50-day simple moving average is $82.20 and its 200-day simple moving average is $81.79. The stock has a market capitalization of $285.92 million, a P/E ratio of 9.83 and a beta of 1.01. iShares Global Materials ETF has a twelve month low of $66.02 and a twelve month high of $88.76.

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).