iShares Global Materials ETF (NYSEARCA:MXI) Shares Cross Above Fifty Day Moving Average of $85.97

iShares Global Materials ETF (NYSEARCA:MXI)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $85.97 and traded as high as $88.88. iShares Global Materials ETF shares last traded at $88.41, with a volume of 12,020 shares trading hands.

iShares Global Materials ETF Stock Up 0.5 %

The firm has a market capitalization of $256.38 million, a P/E ratio of 10.97 and a beta of 0.95. The company’s 50 day moving average is $85.97 and its 200-day moving average is $86.89.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Global Materials ETF by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,735 shares of the company’s stock worth $1,761,000 after buying an additional 244 shares during the last quarter. Creative Planning increased its position in shares of iShares Global Materials ETF by 21.4% during the second quarter. Creative Planning now owns 7,988 shares of the company’s stock worth $678,000 after acquiring an additional 1,408 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of iShares Global Materials ETF by 2.7% in the 2nd quarter. Susquehanna International Group LLP now owns 46,603 shares of the company’s stock worth $3,958,000 after acquiring an additional 1,231 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in iShares Global Materials ETF by 1.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 78,792 shares of the company’s stock valued at $6,692,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Pathway Financial Advisors LLC boosted its stake in iShares Global Materials ETF by 0.6% during the 2nd quarter. Pathway Financial Advisors LLC now owns 128,770 shares of the company’s stock valued at $10,936,000 after purchasing an additional 722 shares during the last quarter.

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).