Mirae Asset Global Investments Co. Ltd. Reduces Position in iShares Global Financials ETF $IXG

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 53.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,300 shares of the company’s stock after selling 4,930 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Global Financials ETF were worth $477,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in iShares Global Financials ETF during the first quarter worth $27,000. Farther Finance Advisors LLC boosted its holdings in shares of iShares Global Financials ETF by 423.2% during the first quarter. Farther Finance Advisors LLC now owns 518 shares of the company’s stock worth $53,000 after purchasing an additional 419 shares during the last quarter. Provident Wealth Management LLC acquired a new stake in shares of iShares Global Financials ETF during the first quarter worth $62,000. Beacon Capital Management LLC acquired a new stake in shares of iShares Global Financials ETF during the first quarter worth $111,000. Finally, Wedmont Private Capital acquired a new stake in shares of iShares Global Financials ETF during the second quarter worth $228,000.

iShares Global Financials ETF Stock Down 1.9%

IXG stock opened at $113.06 on Friday. iShares Global Financials ETF has a 52-week low of $88.04 and a 52-week high of $117.23. The stock’s fifty day simple moving average is $114.92 and its 200-day simple moving average is $109.21. The stock has a market capitalization of $593.57 million, a price-to-earnings ratio of 14.77 and a beta of 0.99.

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).