iShares Global Materials ETF (NYSEARCA:MXI) Share Price Pass Above 50-Day Moving Average – What’s Next?

iShares Global Materials ETF (NYSEARCA:MXI)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $107.91 and traded as high as $113.04. iShares Global Materials ETF shares last traded at $112.99, with a volume of 9,155 shares traded.

iShares Global Materials ETF Price Performance

The company has a fifty day simple moving average of $107.91 and a two-hundred day simple moving average of $108.93. The company has a market capitalization of $361.57 million, a P/E ratio of 18.88 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MXI. Bank of America Corp DE increased its stake in shares of iShares Global Materials ETF by 57.2% in the first quarter. Bank of America Corp DE now owns 117,422 shares of the company’s stock worth $12,473,000 after purchasing an additional 42,740 shares during the period. Jane Street Group LLC bought a new stake in iShares Global Materials ETF during the 1st quarter valued at approximately $3,378,000. Palladiem LLC bought a new stake in iShares Global Materials ETF during the 4th quarter valued at approximately $2,246,000. UMB Bank n.a. acquired a new stake in iShares Global Materials ETF in the 4th quarter valued at approximately $1,570,000. Finally, Citadel Advisors LLC grew its holdings in iShares Global Materials ETF by 40.5% in the 3rd quarter. Citadel Advisors LLC now owns 22,757 shares of the company’s stock valued at $2,104,000 after buying an additional 6,561 shares during 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). 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.