iShares Global Materials ETF (NYSEARCA:MXI) Stock Pass Below Fifty Day Moving Average – Time to Sell?

Shares of iShares Global Materials ETF (NYSEARCA:MXI) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $83.25 and traded as low as $77.34. iShares Global Materials ETF shares last traded at $78.10, with a volume of 10,996 shares changing hands.

iShares Global Materials ETF Stock Up 0.5 %

The company’s 50-day moving average price is $83.25 and its 200-day moving average price is $86.10. The firm has a market cap of $226.49 million, a price-to-earnings ratio of 10.97 and a beta of 0.95.

Institutional Trading of iShares Global Materials ETF

Several large investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in iShares Global Materials ETF by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 94,130 shares of the company’s stock valued at $8,774,000 after acquiring an additional 297 shares in the last quarter. FMR LLC grew its stake in iShares Global Materials ETF by 160.2% during the 3rd quarter. FMR LLC now owns 601 shares of the company’s stock valued at $56,000 after acquiring an additional 370 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares Global Materials ETF by 40.0% in the 3rd quarter. Fisher Asset Management LLC now owns 12,390 shares of the company’s stock valued at $1,155,000 after buying an additional 3,543 shares during the period. Tyler Stone Wealth Management grew its stake in shares of iShares Global Materials ETF by 100.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 2,607 shares of the company’s stock valued at $243,000 after buying an additional 1,304 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of iShares Global Materials ETF by 9.9% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 11,441 shares of the company’s stock valued at $1,067,000 after buying an additional 1,028 shares during the period.

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).