iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 12-Month High – Should You Buy?

iShares Global Financials ETF (NYSEARCA:IXG)’s stock price reached a new 52-week high on Friday . The stock traded as high as $118.23 and last traded at $118.36, with a volume of 3936 shares trading hands. The stock had previously closed at $117.56.

iShares Global Financials ETF Stock Performance

The company has a 50-day moving average of $115.11 and a 200-day moving average of $112.98. The firm has a market capitalization of $620.96 million, a price-to-earnings ratio of 14.77 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global Financials ETF

Several large investors have recently made changes to their positions in IXG. Jones Financial Companies Lllp lifted its position in iShares Global Financials ETF by 6,907.8% in the 1st quarter. Jones Financial Companies Lllp now owns 124,388 shares of the company’s stock valued at $12,814,000 after acquiring an additional 122,613 shares in the last quarter. EWG Elevate Inc. increased its holdings in iShares Global Financials ETF by 946.3% during the 2nd quarter. EWG Elevate Inc. now owns 101,304 shares of the company’s stock worth $11,226,000 after purchasing an additional 91,622 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Global Financials ETF by 1,681.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 96,574 shares of the company’s stock valued at $11,268,000 after purchasing an additional 91,153 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of iShares Global Financials ETF in the second quarter valued at about $8,212,000. Finally, Susquehanna International Group LLP boosted its position in shares of iShares Global Financials ETF by 1,633.9% during the third quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after buying an additional 61,126 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).