iShares Global Materials ETF (NYSEARCA:MXI) Stock Pass Below Fifty Day Moving Average – Time to Sell?

iShares Global Materials ETF (NYSEARCA:MXI)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $83.25 and traded as low as $77.34. iShares Global Materials ETF shares last traded at $78.10, with a volume of 10,996 shares changing hands.

iShares Global Materials ETF Stock Performance

The stock’s 50-day simple moving average is $83.25 and its 200 day simple moving average is $86.10. The company has a market capitalization of $226.49 million, a PE ratio of 10.97 and a beta of 0.95.

Institutional Investors Weigh In On iShares Global Materials ETF

A number of large investors have recently modified their holdings of the company. FMR LLC grew its position in shares of iShares Global Materials ETF by 160.2% in the 3rd quarter. FMR LLC now owns 601 shares of the company’s stock valued at $56,000 after buying an additional 370 shares during the last quarter. Patriot Investment Management Group Inc. purchased a new position in shares of iShares Global Materials ETF in the 3rd quarter valued at $214,000. Tyler Stone Wealth Management grew its position in shares of iShares Global Materials ETF by 100.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 2,607 shares of the company’s stock valued at $243,000 after buying an additional 1,304 shares during the last quarter. Creative Planning grew its position in shares of iShares Global Materials ETF by 21.4% in the 2nd quarter. Creative Planning now owns 7,988 shares of the company’s stock valued at $678,000 after buying an additional 1,408 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its position in iShares Global Materials ETF by 9.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 11,441 shares of the company’s stock worth $1,067,000 after purchasing an additional 1,028 shares during the last quarter.

iShares Global Materials ETF Company 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).