iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 1-Year High – Here’s Why

Shares of iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high during trading on Monday . The stock traded as high as $114.81 and last traded at $113.47, with a volume of 33746 shares trading hands. The stock had previously closed at $114.71.

iShares Global Financials ETF Stock Performance

The stock has a market capitalization of $568.15 million, a P/E ratio of 14.77 and a beta of 0.99. The company’s 50-day moving average price is $110.93 and its 200 day moving average price is $105.89.

Institutional Trading of iShares Global Financials ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wayfinding Financial LLC bought a new stake in shares of iShares Global Financials ETF in the 1st quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of iShares Global Financials ETF in the 2nd quarter worth about $45,000. Farther Finance Advisors LLC increased its holdings in shares of iShares Global Financials ETF by 423.2% in the 1st quarter. Farther Finance Advisors LLC now owns 518 shares of the company’s stock worth $53,000 after buying an additional 419 shares during the last quarter. Provident Wealth Management LLC bought a new stake in shares of iShares Global Financials ETF in the 1st quarter worth about $62,000. Finally, Beacon Capital Management LLC bought a new stake in shares of iShares Global Financials ETF in the 1st quarter worth about $111,000.

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).