HighTower Advisors LLC Purchases 6,200 Shares of iShares Global Materials ETF (NYSEARCA:MXI)

HighTower Advisors LLC lifted its position in iShares Global Materials ETF (NYSEARCA:MXI) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,330 shares of the company’s stock after buying an additional 6,200 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Global Materials ETF were worth $7,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MXI. Fisher Asset Management LLC boosted its position in iShares Global Materials ETF by 40.0% during the third quarter. Fisher Asset Management LLC now owns 12,390 shares of the company’s stock worth $1,155,000 after purchasing an additional 3,543 shares during the period. FMR LLC boosted its position in iShares Global Materials ETF by 160.2% during the third quarter. FMR LLC now owns 601 shares of the company’s stock worth $56,000 after purchasing an additional 370 shares during the period. Park Avenue Securities LLC bought a new position in iShares Global Materials ETF during the fourth quarter worth $351,000. Perigon Wealth Management LLC boosted its position in iShares Global Materials ETF by 4.2% during the fourth quarter. Perigon Wealth Management LLC now owns 3,751 shares of the company’s stock worth $300,000 after purchasing an additional 150 shares during the period. Finally, YANKCOM Partnership bought a new position in iShares Global Materials ETF during the fourth quarter worth $123,000.

iShares Global Materials ETF Price Performance

MXI stock opened at $84.89 on Tuesday. The company has a fifty day moving average price of $81.99 and a two-hundred day moving average price of $84.81. iShares Global Materials ETF has a one year low of $77.02 and a one year high of $94.38. The stock has a market cap of $220.71 million, a price-to-earnings ratio of 20.07 and a beta of 1.03.

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).