iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 52-Week High – Here’s What Happened

iShares Global Financials ETF (NYSEARCA:IXG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $124.70 and last traded at $124.70, with a volume of 1698 shares trading hands. The stock had previously closed at $121.57.

iShares Global Financials ETF Stock Up 0.7%

The firm has a market capitalization of $554.38 million, a PE ratio of 14.77 and a beta of 0.81. The company’s 50-day simple moving average is $120.71 and its 200 day simple moving average is $119.54.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IXG. Optiver Holding B.V. acquired a new stake in iShares Global Financials ETF in the first quarter valued at approximately $27,000. NBT Bank N A NY increased its position in shares of iShares Global Financials ETF by 151.2% during the first quarter. NBT Bank N A NY now owns 304 shares of the company’s stock worth $35,000 after purchasing an additional 183 shares in the last quarter. BOKF NA acquired a new position in shares of iShares Global Financials ETF during the third quarter worth $37,000. Arax Advisory Partners purchased a new stake in shares of iShares Global Financials ETF during the 4th quarter valued at $43,000. Finally, Blair William & Co. IL lifted its holdings in shares of iShares Global Financials ETF by 112.2% during the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares during 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.