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

iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $136.45 and last traded at $136.60, with a volume of 807 shares. The stock had previously closed at $133.10.

iShares Global Financials ETF Stock Up 1.2%

The business’s 50 day simple moving average is $131.50 and its 200 day simple moving average is $123.68. The company has a market capitalization of $695.21 million, a PE ratio of 14.77 and a beta of 0.80.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds have recently made changes to their positions in IXG. HighTower Advisors LLC grew its position in iShares Global Financials ETF by 1,074.0% during the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after purchasing an additional 97,616 shares in the last quarter. Susquehanna International Group LLP grew its holdings 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 valued at $7,568,000 after buying an additional 61,126 shares in the last quarter. Raymond James Financial Inc. lifted its stake in iShares Global Financials ETF by 543.9% in the 3rd quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after acquiring an additional 58,504 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares Global Financials ETF by 174.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock worth $7,145,000 after acquiring an additional 40,964 shares during the period. Finally, Jane Street Group LLC acquired a new stake in iShares Global Financials ETF during the 4th quarter worth about $3,938,000.

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.