iShares Global Financials ETF (NYSEARCA:IXG) Hits New 12-Month High – What’s Next?

iShares Global Financials ETF (NYSEARCA:IXG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $121.58 and last traded at $121.45, with a volume of 81609 shares traded. The stock had previously closed at $120.05.

iShares Global Financials ETF Trading Up 0.4%

The business has a fifty day moving average of $116.26 and a 200-day moving average of $114.10. The firm has a market cap of $642.81 million, a PE ratio of 14.77 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. BOKF NA purchased a new position in iShares Global Financials ETF during the third quarter valued at approximately $37,000. Atlantic Union Bankshares Corp purchased a new stake in iShares Global Financials ETF in the 2nd quarter worth approximately $45,000. Blair William & Co. IL boosted its holdings in iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares during the period. Sava Infond d.o.o. grew its position in shares of iShares Global Financials ETF by 43.8% during the 3rd quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock valued at $67,000 after purchasing an additional 175 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of iShares Global Financials ETF by 87,900.0% in the third quarter. AE Wealth Management LLC now owns 880 shares of the company’s stock worth $103,000 after purchasing an additional 879 shares during the period.

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.