iShares Global Financials ETF $IXG Shares Sold by Salomon & Ludwin LLC

Salomon & Ludwin LLC reduced its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 5.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 50,546 shares of the company’s stock after selling 2,993 shares during the quarter. Salomon & Ludwin LLC’s holdings in iShares Global Financials ETF were worth $5,620,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Tiller Private Wealth Inc. grew its position in shares of iShares Global Financials ETF by 3.6% in the second quarter. Tiller Private Wealth Inc. now owns 4,450 shares of the company’s stock valued at $494,000 after purchasing an additional 155 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 valued at $117,000 after purchasing an additional 537 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares Global Financials ETF by 27.9% in the second quarter. Janney Montgomery Scott LLC now owns 7,644 shares of the company’s stock valued at $847,000 after purchasing an additional 1,668 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Global Financials ETF by 4.3% in the first quarter. LPL Financial LLC now owns 30,738 shares of the company’s stock valued at $3,167,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of iShares Global Financials ETF by 6,907.8% in the first quarter. Jones Financial Companies Lllp now owns 124,388 shares of the company’s stock valued at $12,814,000 after purchasing an additional 122,613 shares during the last quarter.

iShares Global Financials ETF Price Performance

IXG stock opened at $113.01 on Friday. The company’s 50 day simple moving average is $115.18 and its 200-day simple moving average is $109.61. The firm has a market capitalization of $593.30 million, a PE ratio of 14.77 and a beta of 0.99. iShares Global Financials ETF has a 12 month low of $88.04 and a 12 month high of $117.23.

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).