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

iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high on Thursday . The company traded as high as $127.03 and last traded at $125.45, with a volume of 176642 shares. The stock had previously closed at $125.83.

iShares Global Financials ETF Stock Down 0.3%

The business’s 50 day moving average is $121.52 and its two-hundred day moving average is $119.82. The firm has a market cap of $558.25 million, a P/E ratio of 14.77 and a beta of 0.81.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of hedge funds have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in iShares Global Financials ETF by 5.1% during the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock worth $213,000 after buying an additional 86 shares during the last quarter. Fisher Asset Management LLC raised its stake in iShares Global Financials ETF by 1.5% during the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock worth $791,000 after buying an additional 102 shares during the last quarter. MML Investors Services LLC raised its stake in iShares Global Financials ETF by 2.3% during the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock worth $572,000 after buying an additional 108 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in iShares Global Financials ETF by 3.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock worth $479,000 after buying an additional 120 shares during the last quarter. Finally, Tiller Private Wealth Inc. increased its stake in iShares Global Financials ETF by 2.8% in the fourth quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock valued at $556,000 after purchasing an additional 125 shares in 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.