iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 52-Week High – Here’s Why

iShares Global Financials ETF (NYSEARCA:IXG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $131.04 and last traded at $131.04, with a volume of 6118 shares traded. The stock had previously closed at $129.45.

iShares Global Financials ETF Stock Up 1.0%

The business’s fifty day moving average price is $124.00 and its 200 day moving average price is $120.91. The firm has a market capitalization of $618.19 million, a PE ratio of 14.77 and a beta of 0.81.

Hedge Funds Weigh In On iShares Global Financials ETF

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of 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 lifted 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 purchasing an additional 4,131 shares during the period. Cetera Investment Advisers lifted its holdings in shares of iShares Global Financials ETF by 6.2% during the second quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after purchasing an additional 161 shares during the period. Raymond James Financial Inc. grew its position in iShares Global Financials ETF by 54.6% in the 2nd quarter. Raymond James Financial Inc. now owns 10,757 shares of the company’s stock valued at $1,192,000 after buying an additional 3,799 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares Global Financials ETF by 174.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock valued at $7,145,000 after buying an additional 40,964 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.