Stratos Wealth Partners LTD. Makes New Investment in iShares Global Materials ETF $MXI

Stratos Wealth Partners LTD. purchased a new position in iShares Global Materials ETF (NYSEARCA:MXI) during the 4th quarter, Holdings Channel reports. The fund purchased 27,172 shares of the company’s stock, valued at approximately $2,626,000.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisors LLC raised its position in iShares Global Materials ETF by 5.9% in the third quarter. Pathway Financial Advisors LLC now owns 180,236 shares of the company’s stock worth $16,666,000 after acquiring an additional 10,064 shares during the period. J. Safra Sarasin Holding AG bought a new position in iShares Global Materials ETF in the fourth quarter worth approximately $1,305,000. Perigon Wealth Management LLC raised its position in iShares Global Materials ETF by 65.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,190 shares of the company’s stock worth $598,000 after acquiring an additional 2,439 shares during the period. Lodestone Wealth Management LLC bought a new position in iShares Global Materials ETF in the fourth quarter worth approximately $26,000. Finally, Steward Partners Investment Advisory LLC raised its position in iShares Global Materials ETF by 82.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 821 shares of the company’s stock worth $70,000 after acquiring an additional 371 shares during the period.

iShares Global Materials ETF Trading Up 0.3%

MXI opened at $107.63 on Wednesday. iShares Global Materials ETF has a 1-year low of $71.01 and a 1-year high of $116.61. The company has a market capitalization of $322.89 million, a PE ratio of 18.88 and a beta of 0.94. The firm’s 50 day simple moving average is $108.38 and its two-hundred day simple moving average is $99.66.

About iShares Global Materials ETF

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.