Ameriprise Financial Inc. Makes New $581,000 Investment in iShares Global Materials ETF (NYSEARCA:MXI)

Ameriprise Financial Inc. acquired a new position in iShares Global Materials ETF (NYSEARCA:MXI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,480 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pathway Financial Advisors LLC lifted its stake in shares of iShares Global Materials ETF by 1.2% during the fourth quarter. Pathway Financial Advisors LLC now owns 133,799 shares of the company’s stock valued at $10,396,000 after acquiring an additional 1,600 shares during the period. HighTower Advisors LLC lifted its stake in shares of iShares Global Materials ETF by 6.6% during the fourth quarter. HighTower Advisors LLC now owns 100,330 shares of the company’s stock valued at $7,796,000 after acquiring an additional 6,200 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares Global Materials ETF by 2,508.9% during the fourth quarter. Wells Fargo & Company MN now owns 62,171 shares of the company’s stock valued at $4,831,000 after acquiring an additional 59,788 shares during the period. National Bank of Canada FI lifted its stake in shares of iShares Global Materials ETF by 6,392.5% during the fourth quarter. National Bank of Canada FI now owns 46,876 shares of the company’s stock valued at $3,642,000 after acquiring an additional 46,154 shares during the period. Finally, HTLF Bank lifted its stake in shares of iShares Global Materials ETF by 9.7% during the fourth quarter. HTLF Bank now owns 22,103 shares of the company’s stock valued at $1,717,000 after acquiring an additional 1,947 shares during the period.

iShares Global Materials ETF Stock Down 0.2%

Shares of MXI opened at $85.64 on Wednesday. iShares Global Materials ETF has a 12-month low of $71.02 and a 12-month high of $94.38. The firm has a market capitalization of $222.66 million, a PE ratio of 19.67 and a beta of 0.98. The stock’s fifty day simple moving average is $81.48 and its 200-day simple moving average is $82.01.

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).