iShares Global Financials ETF (NYSEARCA:IXG) Hits New 12-Month High – What’s Next?

iShares Global Financials ETF (NYSEARCA:IXG) shares hit a new 52-week high on Tuesday . The company traded as high as $131.04 and last traded at $131.04, with a volume of 6118 shares trading hands. The stock had previously closed at $129.45.

iShares Global Financials ETF Price Performance

The business has a 50-day moving average of $123.62 and a 200 day moving average of $120.80. The company has a market cap of $616.97 million, a PE ratio of 14.77 and a beta of 0.81.

Institutional Investors Weigh In On iShares Global Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC boosted its holdings in shares of iShares Global Financials ETF by 1,074.0% in 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 during the last quarter. Susquehanna International Group LLP increased its holdings in 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 during the last quarter. Raymond James Financial Inc. increased its holdings in iShares Global Financials ETF by 543.9% during the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock valued at $8,081,000 after buying an additional 58,504 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares Global Financials ETF by 174.9% in the second 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 bought a new position in iShares Global Financials ETF in the fourth quarter worth approximately $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.