iShares Global Financials ETF (NYSEARCA:IXG) Sees Strong Trading Volume – Should You Buy?

iShares Global Financials ETF (NYSEARCA:IXG) saw an uptick in trading volume on Monday . 33,872 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 25,451 shares.The stock last traded at $120.9750 and had previously closed at $120.05.

iShares Global Financials ETF Stock Up 0.4%

The firm’s 50 day simple moving average is $116.11 and its 200-day simple moving average is $114.04. The company has a market capitalization of $642.81 million, a PE ratio of 14.77 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its stake in shares of iShares Global Financials ETF by 1,633.9% in the third quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock valued at $7,568,000 after buying an additional 61,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares Global Financials ETF by 6.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,099 shares of the company’s stock valued at $478,000 after acquiring an additional 241 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of iShares Global Financials ETF by 39.7% during the third quarter. Integrated Wealth Concepts LLC now owns 3,848 shares of the company’s stock valued at $449,000 after purchasing an additional 1,093 shares during the period. Hilltop Holdings Inc. acquired a new position in shares of iShares Global Financials ETF during the third quarter worth $551,000. Finally, Bank of America Corp DE lifted its position in shares of iShares Global Financials ETF by 9.6% during the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after purchasing an additional 27,062 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.