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

iShares Global Financials ETF (NYSEARCA:IXG) shares saw strong trading volume on Monday . Approximately 40,842 shares were traded during trading, a decline of 8% from the previous session’s volume of 44,164 shares.The stock last traded at $134.3740 and had previously closed at $134.23.

iShares Global Financials ETF Stock Down 0.5%

The stock has a market capitalization of $667.28 million, a P/E ratio of 14.77 and a beta of 0.80. The business’s 50 day simple moving average is $132.98 and its two-hundred day simple moving average is $124.58.

Hedge Funds Weigh In On iShares Global Financials ETF

Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in iShares Global Financials ETF by 1,074.0% during the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after buying an additional 97,616 shares in the last quarter. Optiver Holding B.V. purchased a new stake in iShares Global Financials ETF in the 1st quarter valued at $27,000. KCM Investment Advisors LLC lifted its stake in iShares Global Financials ETF by 10.7% during the 1st quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock valued at $742,000 after acquiring an additional 628 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in iShares Global Financials ETF by 45.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock valued at $278,000 after acquiring an additional 757 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in iShares Global Financials ETF by 27.0% during the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after acquiring an additional 781 shares during the last quarter.

About iShares Global Financials ETF

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.