iShares Global Financials ETF (NYSEARCA:IXG) Sets New 52-Week High – Here’s What Happened

iShares Global Financials ETF (NYSEARCA:IXG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $133.58 and last traded at $133.58, with a volume of 2618 shares. The stock had previously closed at $133.00.

iShares Global Financials ETF Trading Up 0.3%

The stock’s 50-day moving average is $126.46 and its 200-day moving average is $121.68. The stock has a market cap of $680.60 million, a price-to-earnings ratio of 14.77 and a beta of 0.81.

Institutional Investors Weigh In On iShares Global Financials ETF

Several institutional investors have recently bought and sold shares of IXG. Optiver Holding B.V. acquired a new stake in shares of iShares Global Financials ETF in the first quarter worth $27,000. NBT Bank N A NY boosted its position in iShares Global Financials ETF by 151.2% during the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock worth $35,000 after purchasing an additional 183 shares during the period. BOKF NA acquired a new stake in iShares Global Financials ETF in the 3rd quarter valued at $37,000. Arax Advisory Partners acquired a new stake in iShares Global Financials ETF in the 4th quarter valued at $43,000. Finally, Blair William & Co. IL raised its position in iShares Global Financials ETF by 112.2% in the third quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares during the period.

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.