Fisher Asset Management LLC Increases Stake in iShares Global Materials ETF (NYSEARCA:MXI)

Fisher Asset Management LLC boosted its position in iShares Global Materials ETF (NYSEARCA:MXI) by 21.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,009 shares of the company’s stock after purchasing an additional 2,985 shares during the quarter. Fisher Asset Management LLC’s holdings in iShares Global Materials ETF were worth $1,484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MXI. Perigon Wealth Management LLC raised its position in iShares Global Materials ETF by 5.5% in the third quarter. Perigon Wealth Management LLC now owns 3,251 shares of the company’s stock valued at $255,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. acquired a new position in shares of iShares Global Materials ETF in the 4th quarter worth approximately $35,000. HighTower Advisors LLC increased its holdings in shares of iShares Global Materials ETF by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 81,164 shares of the company’s stock valued at $6,364,000 after acquiring an additional 1,539 shares during the last quarter. Patriot Investment Management Group Inc. acquired a new stake in shares of iShares Global Materials ETF during the 4th quarter valued at approximately $201,000. Finally, Pathway Financial Advisors LLC lifted its stake in iShares Global Materials ETF by 2.0% during the third quarter. Pathway Financial Advisors LLC now owns 125,747 shares of the company’s stock worth $9,871,000 after purchasing an additional 2,508 shares during the last quarter.

iShares Global Materials ETF Stock Performance

Shares of NYSEARCA:MXI opened at $88.93 on Thursday. The company’s fifty day moving average is $87.77 and its two-hundred day moving average is $84.20. iShares Global Materials ETF has a 1-year low of $74.24 and a 1-year high of $90.95. The stock has a market capitalization of $257.90 million, a price-to-earnings ratio of 10.52 and a beta of 1.01.

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).