iShares Global Materials ETF (NYSEARCA:MXI) Shares Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. cut its holdings in iShares Global Materials ETF (NYSEARCA:MXI) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,433 shares of the company’s stock after selling 471 shares during the period. Beam Wealth Advisors Inc. owned 0.10% of iShares Global Materials ETF worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new position in iShares Global Materials ETF in the fourth quarter valued at approximately $421,000. Blue Trust Inc. purchased a new stake in shares of iShares Global Materials ETF during the fourth quarter worth $35,000. Sinecera Capital LLC increased its position in shares of iShares Global Materials ETF by 65.9% during the fourth quarter. Sinecera Capital LLC now owns 62,140 shares of the company’s stock worth $5,422,000 after acquiring an additional 24,681 shares during the period. Patriot Investment Management Group Inc. purchased a new stake in shares of iShares Global Materials ETF during the fourth quarter worth $201,000. Finally, Comerica Bank purchased a new stake in shares of iShares Global Materials ETF during the third quarter worth $149,000.

iShares Global Materials ETF Trading Up 0.6 %

NYSEARCA:MXI traded up $0.55 during trading hours on Wednesday, hitting $86.86. The company’s stock had a trading volume of 5,168 shares, compared to its average volume of 10,094. The stock has a market capitalization of $251.89 million, a P/E ratio of 10.84 and a beta of 1.01. The stock has a fifty day moving average of $86.23 and a 200-day moving average of $83.10. iShares Global Materials ETF has a 52-week low of $74.24 and a 52-week high of $90.95.

iShares Global Materials ETF 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).