Pictet Asset Management Holding SA Buys 367,400 Shares of iShares Global Materials ETF $MXI

Pictet Asset Management Holding SA increased its stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) by 194.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,100 shares of the company’s stock after purchasing an additional 367,400 shares during the quarter. Pictet Asset Management Holding SA owned 15.03% of iShares Global Materials ETF worth $59,685,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in shares of iShares Global Materials ETF during the third quarter worth about $236,000. Verity Asset Management Inc. acquired a new stake in iShares Global Materials ETF in the third quarter valued at approximately $658,000. Latitude Advisors LLC acquired a new stake in iShares Global Materials ETF in the third quarter valued at approximately $68,000. SYM FINANCIAL Corp purchased a new position in iShares Global Materials ETF in the third quarter worth approximately $32,000. Finally, Park Avenue Securities LLC purchased a new position in iShares Global Materials ETF in the third quarter worth approximately $216,000.

iShares Global Materials ETF Stock Up 3.1%

NYSEARCA MXI opened at $110.79 on Tuesday. iShares Global Materials ETF has a 52 week low of $88.12 and a 52 week high of $118.51. The stock has a market capitalization of $409.92 million, a PE ratio of 19.36 and a beta of 0.89. The firm has a 50 day moving average of $109.56 and a two-hundred day moving average of $109.54.

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.