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

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-strong trading volume on Thursday . 84,110 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 43,323 shares.The stock last traded at $134.96 and had previously closed at $134.31.

iShares Global Financials ETF Trading Up 0.1%

The firm has a market cap of $688.86 million, a PE ratio of 14.77 and a beta of 0.80. The stock has a 50 day simple moving average of $128.98 and a 200-day simple moving average of $122.61.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its position in shares of iShares Global Financials ETF by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock worth $255,000 after purchasing an additional 253 shares in the last quarter. Jane Street Group LLC lifted its holdings in iShares Global Financials ETF by 14.2% in the 1st 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 in the last quarter. Cetera Investment Advisers lifted its holdings in iShares Global Financials ETF by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after purchasing an additional 161 shares in the last quarter. Raymond James Financial Inc. boosted its stake 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 worth $1,192,000 after purchasing an additional 3,799 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake 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 worth $7,145,000 after purchasing an additional 40,964 shares during the period.

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.