Spire Wealth Management Decreases Holdings in iShares Global Financials ETF $IXG

Spire Wealth Management trimmed its position in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 40.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,607 shares of the company’s stock after selling 1,109 shares during the quarter. Spire Wealth Management’s holdings in iShares Global Financials ETF were worth $178,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of iShares Global Financials ETF in the first quarter worth about $27,000. Farther Finance Advisors LLC increased its holdings in shares of iShares Global Financials ETF by 103.7% in the second quarter. Farther Finance Advisors LLC now owns 1,055 shares of the company’s stock worth $117,000 after buying an additional 537 shares during the period. City State Bank increased its holdings in shares of iShares Global Financials ETF by 16.3% in the second quarter. City State Bank now owns 1,425 shares of the company’s stock worth $158,000 after buying an additional 200 shares during the period. Wedmont Private Capital purchased a new position in shares of iShares Global Financials ETF in the second quarter worth about $228,000. Finally, MontVue Capital Management Inc. purchased a new position in shares of iShares Global Financials ETF in the second quarter worth about $263,000.

iShares Global Financials ETF Trading Up 0.1%

IXG opened at $114.13 on Wednesday. The company has a market cap of $599.18 million, a P/E ratio of 14.77 and a beta of 0.93. The business’s 50-day moving average price is $115.22 and its 200-day moving average price is $111.36. iShares Global Financials ETF has a 12 month low of $88.04 and a 12 month high of $117.23.

iShares Global Financials ETF 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).