367,400 iShares Global Materials ETF $MXI Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in shares of iShares Global Materials ETF (NYSEARCA:MXI) by 194.7% in the third quarter, Holdings Channel reports. The institutional investor owned 556,100 shares of the company’s stock after purchasing an additional 367,400 shares during the period. Pictet Asset Management Holding SA owned approximately 0.15% of iShares Global Materials ETF worth $59,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Western Wealth Management LLC purchased a new position in shares of iShares Global Materials ETF in the 1st quarter valued at about $28,000. SYM FINANCIAL Corp purchased a new stake in iShares Global Materials ETF during the third quarter worth approximately $32,000. Trust Co. of Vermont purchased a new stake in iShares Global Materials ETF during the second quarter worth approximately $40,000. Latitude Advisors LLC purchased a new stake in iShares Global Materials ETF during the third quarter worth approximately $68,000. Finally, Integrated Wealth Concepts LLC acquired a new position in iShares Global Materials ETF in the second quarter valued at approximately $117,000.

iShares Global Materials ETF Stock Up 3.1%

Shares of MXI opened at $110.79 on Tuesday. The company has a market capitalization of $409.92 million, a price-to-earnings ratio of 19.36 and a beta of 0.89. iShares Global Materials ETF has a 52-week low of $88.12 and a 52-week high of $118.51. The stock has a 50 day moving average price of $109.56 and a 200 day moving average price of $109.54.

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.