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

Ameriprise Financial Inc. purchased a new position in shares of iShares Global Materials ETF (NYSEARCA:MXI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,480 shares of the company’s stock, valued at approximately $581,000. Ameriprise Financial Inc. owned about 0.26% of iShares Global Materials ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in shares of iShares Global Materials ETF by 85.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 175 shares during the period. Hopwood Financial Services Inc. bought a new stake in iShares Global Materials ETF in the fourth quarter valued at $49,000. Comerica Bank grew its position in iShares Global Materials ETF by 34.1% in the fourth quarter. Comerica Bank now owns 1,137 shares of the company’s stock valued at $88,000 after acquiring an additional 289 shares during the period. Jones Financial Companies Lllp grew its position in iShares Global Materials ETF by 45.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,159 shares of the company’s stock valued at $90,000 after acquiring an additional 361 shares during the period. Finally, YANKCOM Partnership bought a new stake in iShares Global Materials ETF in the fourth quarter valued at $123,000.

iShares Global Materials ETF Price Performance

Shares of NYSEARCA:MXI opened at $85.64 on Wednesday. The business’s fifty day moving average price is $81.48 and its two-hundred day moving average price is $82.01. iShares Global Materials ETF has a fifty-two week low of $71.02 and a fifty-two week high of $94.38. The stock has a market capitalization of $222.66 million, a price-to-earnings ratio of 19.67 and a beta of 0.98.

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).