Blue Edge Capital LLC acquired a new stake in iShares Global Materials ETF (NYSEARCA:MXI) during the fourth quarter, Holdings Channel reports. The firm acquired 15,236 shares of the company’s stock, valued at approximately $1,240,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stearns Financial Services Group bought a new position in shares of iShares Global Materials ETF in the third quarter worth approximately $85,000. Wolff Wiese Magana LLC purchased a new stake in iShares Global Materials ETF in the fourth quarter worth $116,000. Wealth Advisors of Tampa Bay LLC lifted its stake in iShares Global Materials ETF by 22.7% in the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 3,517 shares of the company’s stock worth $286,000 after acquiring an additional 650 shares during the period. Raymond James & Associates bought a new position in iShares Global Materials ETF in the third quarter worth $322,000. Finally, FDx Advisors Inc. raised its holdings in iShares Global Materials ETF by 33.8% in the fourth quarter. FDx Advisors Inc. now owns 5,481 shares of the company’s stock worth $446,000 after purchasing an additional 1,385 shares in the last quarter.
Shares of NYSEARCA:MXI traded down $0.30 on Tuesday, hitting $86.10. 5 shares of the company traded hands, compared to its average volume of 72,360. iShares Global Materials ETF has a 52 week low of $42.09 and a 52 week high of $87.61. The stock has a 50 day simple moving average of $84.48 and a 200-day simple moving average of $76.29.
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).
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