Arete Wealth Advisors LLC Decreases Holdings in iShares Global Financials ETF $IXG

Arete Wealth Advisors LLC lowered its position in iShares Global Financials ETF (NYSEARCA:IXG) by 93.8% during the first quarter, HoldingsChannel.com reports. The fund owned 2,302 shares of the company’s stock after selling 35,034 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Global Financials ETF were worth $237,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in iShares Global Financials ETF during the first quarter worth $27,000. Farther Finance Advisors LLC raised its stake in shares of iShares Global Financials ETF by 423.2% during 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 purchased a new stake in shares of iShares Global Financials ETF in the 1st quarter worth about $62,000. Beacon Capital Management LLC acquired a new stake in iShares Global Financials ETF in the 1st quarter valued at about $111,000. Finally, GTS Securities LLC purchased a new position in iShares Global Financials ETF during the 4th quarter valued at about $215,000.

iShares Global Financials ETF Trading Up 1.4%

Shares of IXG opened at $116.71 on Friday. iShares Global Financials ETF has a 12-month low of $88.04 and a 12-month high of $116.73. The stock has a market cap of $583.55 million, a P/E ratio of 14.77 and a beta of 0.99. The company has a 50-day moving average of $113.01 and a two-hundred day moving average of $107.26.

iShares Global Financials ETF 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).