iShares Global Financials ETF (NYSEARCA:IXG) Sets New 1-Year High – What’s Next?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high during trading on Thursday . The stock traded as high as $136.45 and last traded at $136.60, with a volume of 807 shares traded. The stock had previously closed at $133.10.

iShares Global Financials ETF Stock Up 1.2%

The stock has a market capitalization of $695.21 million, a PE ratio of 14.77 and a beta of 0.80. The stock’s 50-day moving average is $131.50 and its 200 day moving average is $123.68.

Hedge Funds Weigh In On iShares Global Financials ETF

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