iShares Global Materials ETF $MXI Shares Newly Purchased by Weil Company Inc.

Weil Company Inc. purchased a new stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,408 shares of the company’s stock, valued at approximately $2,718,000. Weil Company Inc. owned about 0.64% of iShares Global Materials ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Waverly Advisors LLC purchased a new position in shares of iShares Global Materials ETF in the second quarter worth approximately $485,000. Cetera Investment Advisers bought a new stake in iShares Global Materials ETF during the first quarter valued at approximately $587,000. Solstein Capital LLC purchased a new stake in iShares Global Materials ETF during the second quarter valued at approximately $967,000. Bank of America Corp DE increased its holdings in iShares Global Materials ETF by 57.2% during the first quarter. Bank of America Corp DE now owns 117,422 shares of the company’s stock valued at $12,473,000 after buying an additional 42,740 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in iShares Global Materials ETF during the second quarter valued at approximately $117,000.

iShares Global Materials ETF Trading Down 1.1%

MXI opened at $107.68 on Thursday. iShares Global Materials ETF has a 1-year low of $87.82 and a 1-year high of $118.51. The company has a market capitalization of $430.72 million, a PE ratio of 18.88 and a beta of 0.88. The firm’s 50 day simple moving average is $111.76 and its two-hundred day simple moving average is $110.04.

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). 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.