iShares Global Materials ETF (NYSEARCA:MXI) Stock Cross Below Fifty Day Moving Average – Should You Sell?

Shares of iShares Global Materials ETF (NYSEARCA:MXI) crossed 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.

iShares Global Materials ETF Price Performance

The stock has a market cap of $224.43 million, a P/E ratio of 10.97 and a beta of 0.95. The business’s fifty day moving average price is $83.06 and its 200 day moving average price is $86.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pathway Financial Advisors LLC increased its position in iShares Global Materials ETF by 2.7% during the 3rd 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 during the period. HighTower Advisors LLC increased its position in iShares Global Materials ETF by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 94,130 shares of the company’s stock valued at $8,774,000 after purchasing an additional 297 shares during the period. Susquehanna International Group LLP increased its position in iShares Global Materials ETF by 2.7% during the 2nd quarter. Susquehanna International Group LLP now owns 46,603 shares of the company’s stock valued at $3,958,000 after purchasing an additional 1,231 shares during the period. Sinecera Capital LLC increased its position in iShares Global Materials ETF by 6.0% during the 3rd quarter. Sinecera Capital LLC now owns 41,053 shares of the company’s stock valued at $3,828,000 after purchasing an additional 2,326 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in iShares Global Materials ETF by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,735 shares of the company’s stock valued at $1,761,000 after purchasing an additional 244 shares during the period.

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).