iShares Global Materials ETF (NYSEARCA:MXI) Stock Cross Below Fifty Day Moving Average – Should You 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 trading hands.

iShares Global Materials ETF Stock Down 0.9 %

The stock has a market capitalization of $224.43 million, a price-to-earnings ratio of 10.97 and a beta of 0.95. The company’s fifty day simple moving average is $83.06 and its 200 day simple moving average is $86.04.

Hedge Funds Weigh In On iShares Global Materials ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its stake in iShares Global Materials ETF by 160.2% during the third quarter. FMR LLC now owns 601 shares of the company’s stock worth $56,000 after buying an additional 370 shares in the last quarter. Patriot Investment Management Group Inc. acquired a new stake in iShares Global Materials ETF during the third quarter worth about $214,000. Tyler Stone Wealth Management grew its stake in iShares Global Materials ETF by 100.1% during the third quarter. Tyler Stone Wealth Management now owns 2,607 shares of the company’s stock worth $243,000 after buying an additional 1,304 shares in the last quarter. Creative Planning grew its stake in iShares Global Materials ETF by 21.4% during the second quarter. Creative Planning now owns 7,988 shares of the company’s stock worth $678,000 after buying an additional 1,408 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in iShares Global Materials ETF by 9.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 11,441 shares of the company’s stock worth $1,067,000 after buying an additional 1,028 shares in 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).