iShares Global Materials ETF (NYSEARCA:MXI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

iShares Global Materials ETF (NYSEARCA:MXI)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $110.59 and traded as low as $108.29. iShares Global Materials ETF shares last traded at $108.58, with a volume of 10,555 shares.

iShares Global Materials ETF Price Performance

The stock has a market cap of $325.74 million, a price-to-earnings ratio of 18.88 and a beta of 0.86. The stock has a fifty day moving average of $110.59 and a 200 day moving average of $105.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lodestone Wealth Management LLC acquired a new position in iShares Global Materials ETF in the fourth quarter valued at approximately $26,000. Western Wealth Management LLC acquired a new position in iShares Global Materials ETF in the first quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Global Materials ETF by 45.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock valued at $64,000 after acquiring an additional 206 shares during the period. Kestra Advisory Services LLC acquired a new position in iShares Global Materials ETF in the fourth quarter valued at approximately $74,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares Global Materials ETF in the fourth quarter valued at approximately $79,000.

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). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that S&P deems to be part of the materials sector of the economy. Component companies include those companies engaged in a wide variety of commodity-related manufacturing and mining activities.