iShares Global Financials ETF (NYSEARCA:IXG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw strong trading volume on Wednesday. Approximately 77,612 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 44,622 shares. The stock last traded at $129.3660 and had previously closed at $128.92.

iShares Global Financials ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $131.48 and a 200 day simple moving average of $127.10. The company has a market capitalization of $701.27 million, a price-to-earnings ratio of 14.77 and a beta of 0.82.

Institutional Trading of iShares Global Financials ETF

Several hedge funds have recently made changes to their positions in IXG. Avior Wealth Management LLC bought a new stake in shares of iShares Global Financials ETF in the 3rd quarter worth approximately $10,934,000. Optiver Holding B.V. bought a new position in iShares Global Financials ETF during the 1st quarter worth $27,000. KCM Investment Advisors LLC grew 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 worth $742,000 after buying an additional 628 shares during the last quarter. Sanctuary Advisors LLC grew 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 worth $278,000 after buying an additional 757 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake 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 buying an additional 781 shares during the last quarter.

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.