iShares Global Financials ETF (NYSEARCA:IXG) Sets New 52-Week High – Here’s What Happened

Shares of iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high on Monday . The stock traded as high as $133.58 and last traded at $133.58, with a volume of 2618 shares. The stock had previously closed at $133.00.

iShares Global Financials ETF Price Performance

The company’s 50-day moving average is $126.46 and its 200-day moving average is $121.68. The firm has a market capitalization of $680.60 million, a price-to-earnings ratio of 14.77 and a beta of 0.81.

Institutional Trading of iShares Global Financials ETF

Several institutional investors have recently made changes to their positions in IXG. Bank of America Corp DE raised its position in shares of iShares Global Financials ETF by 9.6% in the 3rd quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after buying an additional 27,062 shares during the period. HighTower Advisors LLC grew its position in iShares Global Financials ETF by 1,074.0% during the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock valued at $12,889,000 after acquiring an additional 97,616 shares during the period. Ameriprise Financial Inc. grew its position in iShares Global Financials ETF by 26.1% during the third quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock valued at $9,471,000 after acquiring an additional 16,789 shares during the period. Raymond James Financial Inc. increased its stake in iShares Global Financials ETF by 543.9% during the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after acquiring an additional 58,504 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in iShares Global Financials ETF by 1,633.9% during the third quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after acquiring an additional 61,126 shares during the last quarter.

iShares Global Financials ETF Company Profile

Ishares S&P Global Financials Sector Index Fund, formerly iShares Global Financials ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of companies that Standard & Poor’s deems part of the financial sector of the economy and important to global markets, as represented by the S&P Global 1200 Financials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.