Wealth Advisors of Tampa Bay LLC Reduces Stock Position in iShares Global Materials ETF (NYSEARCA:MXI)

Wealth Advisors of Tampa Bay LLC cut its holdings in iShares Global Materials ETF (NYSEARCA:MXI) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,948 shares of the company’s stock after selling 9,333 shares during the period. Wealth Advisors of Tampa Bay LLC owned about 0.52% of iShares Global Materials ETF worth $1,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC lifted its position in iShares Global Materials ETF by 160.2% in the third quarter. FMR LLC now owns 601 shares of the company’s stock worth $56,000 after buying an additional 370 shares during the last quarter. Allworth Financial LP purchased a new position in shares of iShares Global Materials ETF during the 4th quarter worth about $136,000. HighTower Advisors LLC raised its position in iShares Global Materials ETF by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 94,130 shares of the company’s stock worth $8,774,000 after purchasing an additional 297 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in iShares Global Materials ETF by 85.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 380 shares of the company’s stock worth $30,000 after purchasing an additional 175 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of 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 valued at $300,000 after buying an additional 150 shares during the last quarter.

iShares Global Materials ETF Stock Performance

Shares of NYSEARCA MXI opened at $79.69 on Friday. iShares Global Materials ETF has a fifty-two week low of $77.02 and a fifty-two week high of $94.38. The company has a market cap of $211.18 million, a price-to-earnings ratio of 19.88 and a beta of 1.03. The business’s 50 day moving average price is $82.85 and its 200-day moving average price is $84.52.

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).