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

iShares Global Financials ETF (NYSEARCA:IXG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $121.58 and last traded at $121.45, with a volume of 81609 shares changing hands. The stock had previously closed at $120.05.

iShares Global Financials ETF Stock Performance

The stock has a 50-day moving average of $115.97 and a 200 day moving average of $113.96. The firm has a market capitalization of $637.61 million, a P/E ratio of 14.77 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IXG. BOKF NA bought a new stake in iShares Global Financials ETF during the 3rd quarter worth about $37,000. Atlantic Union Bankshares Corp acquired a new position in shares of iShares Global Financials ETF during the second quarter worth approximately $45,000. Blair William & Co. IL grew its stake in shares of iShares Global Financials ETF by 112.2% during 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 last quarter. Sava Infond d.o.o. raised its position in iShares Global Financials ETF by 43.8% in the 3rd quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock worth $67,000 after purchasing an additional 175 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in iShares Global Financials ETF by 87,900.0% in the 3rd quarter. AE Wealth Management LLC now owns 880 shares of the company’s stock worth $103,000 after purchasing an additional 879 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.