Palladiem LLC Purchases Shares of 23,052 iShares Global Materials ETF $MXI

Palladiem LLC purchased a new stake in iShares Global Materials ETF (NYSEARCA:MXI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,052 shares of the company’s stock, valued at approximately $2,246,000. iShares Global Materials ETF accounts for about 2.1% of Palladiem LLC’s holdings, making the stock its 15th biggest holding. Palladiem LLC owned 0.79% of iShares Global Materials ETF as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in iShares Global Materials ETF by 9.8% in the third quarter. Allworth Financial LP now owns 2,170 shares of the company’s stock valued at $201,000 after buying an additional 194 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Global Materials ETF by 45.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 663 shares of the company’s stock valued at $64,000 after acquiring an additional 206 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of iShares Global Materials ETF during the fourth quarter valued at approximately $26,000. Wealth Advisors of Tampa Bay LLC increased its holdings in shares of iShares Global Materials ETF by 1.9% during the third quarter. Wealth Advisors of Tampa Bay LLC now owns 16,988 shares of the company’s stock valued at $1,571,000 after acquiring an additional 315 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of iShares Global Materials ETF by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 105,893 shares of the company’s stock valued at $10,234,000 after acquiring an additional 353 shares in the last quarter.

iShares Global Materials ETF Stock Down 4.0%

NYSEARCA MXI opened at $108.58 on Friday. The company has a market cap of $325.74 million, a price-to-earnings ratio of 18.88 and a beta of 0.86. iShares Global Materials ETF has a 52 week low of $82.49 and a 52 week high of $116.61. The business has a 50 day moving average price of $110.59 and a 200-day moving average price of $105.40.

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.