Aviance Capital Management LLC Sells 12,296 Shares of iShares Global Financials ETF (IXG)

Aviance Capital Management LLC trimmed its stake in iShares Global Financials ETF (NYSEARCA:IXG) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,824 shares of the company’s stock after selling 12,296 shares during the period. Aviance Capital Management LLC owned about 0.62% of iShares Global Financials ETF worth $2,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Semmax Financial Advisors Inc. purchased a new position in shares of iShares Global Financials ETF during the fourth quarter valued at about $105,000. Bessemer Group Inc. purchased a new position in shares of iShares Global Financials ETF during the fourth quarter valued at about $2,665,000. Quantum Capital Management increased its position in shares of iShares Global Financials ETF by 3.9% during the fourth quarter. Quantum Capital Management now owns 6,914 shares of the company’s stock valued at $393,000 after buying an additional 260 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Global Financials ETF by 2.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,285 shares of the company’s stock valued at $414,000 after buying an additional 188 shares during the period. Finally, Strategic Investment Advisors MI purchased a new position in shares of iShares Global Financials ETF during the fourth quarter valued at about $257,000.

Shares of NYSEARCA IXG opened at $63.06 on Friday. iShares Global Financials ETF has a 1 year low of $53.62 and a 1 year high of $71.93.

TRADEMARK VIOLATION NOTICE: This report was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://transcriptdaily.com/2019/03/15/aviance-capital-management-llc-sells-12296-shares-of-ishares-global-financials-etf-ixg.html.

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).

Further Reading: What is dollar cost averaging (DCA)?

Institutional Ownership by Quarter for iShares Global Financials ETF (NYSEARCA:IXG)

Receive News & Ratings for iShares Global Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.