iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Volume Increase – Should You Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw strong trading volume on Thursday. Approximately 64,632 shares traded hands during trading, an increase of 44% from the previous session’s volume of 44,910 shares. The stock last traded at $125.78 and had previously closed at $126.17.

iShares Global Financials ETF Stock Up 0.7%

The company has a market capitalization of $695.20 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. The stock’s fifty day moving average price is $132.32 and its 200-day moving average price is $126.24.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IXG. Optiver Holding B.V. bought a new stake in iShares Global Financials ETF during the first quarter worth about $27,000. KCM Investment Advisors LLC grew its stake in shares of iShares Global Financials ETF by 10.7% in the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock valued at $742,000 after buying an additional 628 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of iShares Global Financials ETF by 45.1% in the first quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock valued at $278,000 after buying an additional 757 shares in the last quarter. Fifth Third Bancorp increased its holdings in iShares Global Financials ETF by 27.0% during the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after buying an additional 781 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in iShares Global Financials ETF by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock worth $969,000 after buying an additional 293 shares during the last quarter.

About iShares Global Financials ETF

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.