Ameritas Advisory Services LLC Sells 23,008 Shares of iShares Global Materials ETF (NYSEARCA:MXI)

Ameritas Advisory Services LLC decreased its stake in shares of iShares Global Materials ETF (NYSEARCA:MXI) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,784 shares of the company’s stock after selling 23,008 shares during the quarter. Ameritas Advisory Services LLC owned about 1.92% of iShares Global Materials ETF worth $5,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MXI. Gladstone Institutional Advisory LLC lifted its position in iShares Global Materials ETF by 9.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 11,441 shares of the company’s stock valued at $1,067,000 after purchasing an additional 1,028 shares during the last quarter. Patriot Investment Management Group Inc. bought a new position in iShares Global Materials ETF during the third quarter valued at $214,000. Sinecera Capital LLC raised its stake in shares of iShares Global Materials ETF by 6.0% in the third quarter. Sinecera Capital LLC now owns 41,053 shares of the company’s stock valued at $3,828,000 after acquiring an additional 2,326 shares during the period. Pathway Financial Advisors LLC raised its stake in shares of iShares Global Materials ETF by 2.7% in the third quarter. Pathway Financial Advisors LLC now owns 132,199 shares of the company’s stock valued at $12,328,000 after acquiring an additional 3,429 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Global Materials ETF by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,735 shares of the company’s stock valued at $1,761,000 after acquiring an additional 244 shares during the period.

iShares Global Materials ETF Price Performance

NYSEARCA MXI traded up $0.24 during trading on Tuesday, reaching $87.88. 4,966 shares of the company’s stock traded hands, compared to its average volume of 8,499. The firm has a market cap of $254.85 million, a price-to-earnings ratio of 10.97 and a beta of 0.95. The company’s 50 day simple moving average is $89.30 and its two-hundred day simple moving average is $87.83. iShares Global Materials ETF has a 12-month low of $77.16 and a 12-month high of $94.38.

iShares Global Materials ETF Company 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).