NewEdge Wealth LLC Makes New Investment in iShares Global Materials ETF (NYSEARCA:MXI)

NewEdge Wealth LLC purchased a new stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,830 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also modified their holdings of MXI. Blue Trust Inc. acquired a new stake in iShares Global Materials ETF in the 4th quarter worth approximately $35,000. Bank of Montreal Can raised its position in shares of iShares Global Materials ETF by 83.5% in the first quarter. Bank of Montreal Can now owns 635 shares of the company’s stock valued at $60,000 after purchasing an additional 289 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of iShares Global Materials ETF in the first quarter worth $72,000. Tyler Stone Wealth Management acquired a new stake in shares of iShares Global Materials ETF in the second quarter worth $135,000. Finally, Financial Freedom LLC bought a new stake in shares of iShares Global Materials ETF during the 4th quarter worth $143,000.

iShares Global Materials ETF Trading Up 0.7 %

NYSEARCA:MXI opened at $86.95 on Thursday. The firm has a market capitalization of $252.15 million, a PE ratio of 10.84 and a beta of 1.01. iShares Global Materials ETF has a 1 year low of $74.24 and a 1 year high of $90.95. The firm’s fifty day simple moving average is $86.33 and its 200 day simple moving average is $83.12.

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).