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

iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-strong trading volume on Tuesday . Approximately 130,927 shares were traded during trading, an increase of 354% from the previous session’s volume of 28,814 shares.The stock last traded at $119.35 and had previously closed at $119.29.

iShares Global Financials ETF Price Performance

The company has a market cap of $664.46 million, a PE ratio of 14.77 and a beta of 0.93. The stock has a 50 day simple moving average of $121.64 and a two-hundred day simple moving average of $117.65.

Institutional Trading of iShares Global Financials ETF

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its stake in iShares Global Financials ETF by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after purchasing an additional 253 shares during the period. Jane Street Group LLC grew its holdings in shares of iShares Global Financials ETF by 14.2% during the first quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock worth $3,421,000 after buying an additional 4,131 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in iShares Global Financials ETF in the 2nd quarter valued at about $45,000. KCM Investment Advisors LLC purchased a new stake in iShares Global Financials ETF during the 2nd quarter valued at approximately $618,000. Finally, Cetera Investment Advisers raised its stake in iShares Global Financials ETF by 6.2% during the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock valued at $304,000 after acquiring an additional 161 shares during the last quarter.

About iShares Global Financials ETF

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.