iShares Global Materials ETF (NYSEARCA:MXI) Shares Pass Below 50-Day Moving Average – Here’s Why

iShares Global Materials ETF (NYSEARCA:MXI)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $89.23 and traded as low as $88.77. iShares Global Materials ETF shares last traded at $88.84, with a volume of 3,777 shares trading hands.

iShares Global Materials ETF Stock Performance

The stock has a market capitalization of $257.64 million, a price-to-earnings ratio of 10.97 and a beta of 0.95. The company has a 50 day moving average of $89.23 and a 200 day moving average of $87.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in iShares Global Materials ETF by 318.0% during the 1st quarter. Jane Street Group LLC now owns 171,693 shares of the company’s stock worth $15,355,000 after buying an additional 130,616 shares during the last quarter. Pathway Financial Advisors LLC boosted its holdings in iShares Global Materials ETF by 2.7% in the third quarter. Pathway Financial Advisors LLC now owns 132,199 shares of the company’s stock valued at $12,328,000 after purchasing an additional 3,429 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in iShares Global Materials ETF by 1.4% in the second quarter. Ameritas Advisory Services LLC now owns 78,792 shares of the company’s stock valued at $6,692,000 after purchasing an additional 1,107 shares during the last quarter. Susquehanna International Group LLP raised its holdings in iShares Global Materials ETF by 2.7% during the second quarter. Susquehanna International Group LLP now owns 46,603 shares of the company’s stock worth $3,958,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Sinecera Capital LLC boosted its holdings in shares of iShares Global Materials ETF by 6.0% in the third quarter. Sinecera Capital LLC now owns 41,053 shares of the company’s stock valued at $3,828,000 after acquiring an additional 2,326 shares in the last quarter.

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).