iShares Global Financials ETF (NYSEARCA:IXG) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-high trading volume on Wednesday . 142,387 shares changed hands during mid-day trading, an increase of 298% from the previous session’s volume of 35,744 shares.The stock last traded at $125.37 and had previously closed at $125.83.

iShares Global Financials ETF Price Performance

The company has a market cap of $555.72 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. The stock has a 50-day moving average price of $121.70 and a 200 day moving average price of $119.88.

Institutional Trading of iShares Global Financials ETF

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of iShares Global Financials ETF by 9.6% in the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock valued at $36,065,000 after buying an additional 27,062 shares during the period. HighTower Advisors LLC boosted its stake in iShares Global Financials ETF by 1,074.0% in the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after purchasing an additional 97,616 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares Global Financials ETF by 26.1% during the third quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock worth $9,471,000 after buying an additional 16,789 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Global Financials ETF by 543.9% during the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after buying an additional 58,504 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in iShares Global Financials ETF by 1,633.9% in the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock valued at $7,568,000 after buying an additional 61,126 shares during the last quarter.

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.