iShares Global Materials ETF (NYSEARCA:MXI) Stock Price Pass Above Fifty Day Moving Average of $83.80

The iShares Global Materials ETF (NYSEARCAMXI) is a fund that tracks the performance of global materials companies, including those in the mining, construction, and manufacturing industries. As of August 2021, the stock price of the ETF has passed above its fifty-day moving average of $83.80. This indicates that the ETF's recent performance has been positive and that investors are showing confidence in the global materials sector.

The global materials sector is a large and diverse industry that plays an important role in the global economy. It includes companies involved in the extraction, processing, and distribution of raw materials such as metals, minerals, and energy resources. These companies operate in a variety of industries, including construction, manufacturing, and transportation.

The iShares Global Materials ETF is designed to provide exposure to the global materials sector, with a focus on companies that are well-positioned to benefit from growth in emerging markets. The fund includes companies from a range of countries, including China, Brazil, Russia, and Australia.

Investors who are interested in the global materials sector may want to consider investing in the iShares Global Materials ETF as a way to gain exposure to this important industry. However, it's important to carefully research and understand the risks associated with any investment before making a decision.