iShares Global Financials ETF (NYSEARCA:IXG) Hits New 52-Week High – What’s Next?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $132.69 and last traded at $132.65, with a volume of 4012 shares changing hands. The stock had previously closed at $130.96.

iShares Global Financials ETF Price Performance

The stock’s 50 day moving average is $125.36 and its two-hundred day moving average is $121.33. The stock has a market capitalization of $674.63 million, a PE ratio of 14.77 and a beta of 0.81.

Hedge Funds Weigh In On iShares Global Financials ETF

Several hedge funds have recently made changes to their positions in IXG. HighTower Advisors LLC increased its stake in iShares Global Financials ETF by 1,074.0% in the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock valued at $12,889,000 after purchasing an additional 97,616 shares during the period. World Investment Advisors acquired a new stake in shares of iShares Global Financials ETF during the fourth quarter worth about $414,000. KCM Investment Advisors LLC grew its holdings in shares of iShares Global Financials ETF by 2.8% during the fourth quarter. KCM Investment Advisors LLC now owns 5,882 shares of the company’s stock worth $710,000 after buying an additional 160 shares during the last quarter. Waterloo Capital L.P. grew its holdings in shares of iShares Global Financials ETF by 25.7% during the fourth quarter. Waterloo Capital L.P. now owns 4,383 shares of the company’s stock worth $529,000 after buying an additional 897 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares Global Financials ETF in the 4th quarter valued at about $162,000.

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.