iShares Global Financials ETF (NYSEARCA:IXG – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $124.70 and last traded at $124.70, with a volume of 1698 shares trading hands. The stock had previously closed at $121.57.
iShares Global Financials ETF Stock Performance
The company has a fifty day simple moving average of $120.71 and a two-hundred day simple moving average of $119.54. The firm has a market capitalization of $554.38 million, a PE ratio of 14.77 and a beta of 0.81.
Hedge Funds Weigh In On iShares Global Financials ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IXG. Optiver Holding B.V. bought a new position in iShares Global Financials ETF in the first quarter worth approximately $27,000. NBT Bank N A NY increased its holdings in shares of iShares Global Financials ETF by 151.2% in the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 183 shares during the period. BOKF NA purchased a new position in shares of iShares Global Financials ETF in the 3rd quarter valued at $37,000. Arax Advisory Partners bought a new position in shares of iShares Global Financials ETF in the 4th quarter worth $43,000. Finally, Blair William & Co. IL raised its position in shares of iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after acquiring an additional 258 shares in 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.
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