Pathway Financial Advisors LLC Trims Holdings in iShares Global Materials ETF $MXI

Pathway Financial Advisors LLC lowered its position in shares of iShares Global Materials ETF (NYSEARCA:MXI – Free Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,886 shares of the company’s stock after selling 19,942 shares during the quarter. iShares Global Materials ETF accounts for about 2.0% of Pathway Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Pathway Financial Advisors LLC’s holdings in iShares Global Materials ETF were worth $17,748,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MXI. Bank of America Corp DE raised its holdings in 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. Financial Management Professionals Inc. increased its position in shares of iShares Global Materials ETF by 12.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 22,615 shares of the company’s stock valued at $2,394,000 after buying an additional 2,581 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in shares of iShares Global Materials ETF by 5.6% in the 1st quarter. J. Safra Sarasin Holding AG now owns 14,252 shares of the company’s stock valued at $1,514,000 after buying an additional 750 shares in the last quarter. Solstein Capital LLC acquired a new stake in iShares Global Materials ETF during the 2nd quarter worth $967,000. Finally, Royal Bank of Canada raised its stake in iShares Global Materials ETF by 125.2% during the 1st quarter. Royal Bank of Canada now owns 7,536 shares of the company’s stock worth $800,000 after buying an additional 4,189 shares during the period.

iShares Global Materials ETF Stock Performance

MXI stock traded down $1.58 during midday trading on Wednesday, hitting $108.14. 4,572 shares of the company’s stock were exchanged, compared to its average volume of 33,451. iShares Global Materials ETF has a one year low of $87.82 and a one year high of $118.51. The company has a market cap of $432.57 million, a PE ratio of 18.88 and a beta of 0.88. The stock’s fifty day moving average price is $111.69 and its 200-day moving average price is $109.72.

About iShares Global Materials ETF

(Free Report)

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.

See Also

• Five stocks we like better than iShares Global Materials ETF
• Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
• Morgan Stanley Is Bullish on Apple—But With a Catch
• Disney Is Opening the Door to Netflix—and Changing the Streaming Playbook
• DraftKings Stacks the Deck: The $800M Prediction Pivot

Want to see what other hedge funds are holding MXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Global Materials ETF (NYSEARCA:MXI – Free Report).