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

iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high on Thursday . The stock traded as high as $127.92 and last traded at $127.92, with a volume of 766 shares. The stock had previously closed at $124.50.

iShares Global Financials ETF Trading Up 1.2%

The stock has a 50 day moving average of $122.33 and a 200-day moving average of $120.33. The stock has a market capitalization of $606.62 million, a P/E ratio of 14.77 and a beta of 0.81.

Institutional Trading of iShares Global Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in IXG. HighTower Advisors LLC grew its holdings in shares of 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 worth $12,889,000 after purchasing an additional 97,616 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in iShares Global Financials ETF by 1,633.9% during 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 in the last quarter. Raymond James Financial Inc. lifted its holdings in iShares Global Financials ETF by 543.9% during the 3rd quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock valued at $8,081,000 after buying an additional 58,504 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares Global Financials ETF by 174.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock valued at $7,145,000 after buying an additional 40,964 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in iShares Global Financials ETF in the 4th quarter valued at about $3,938,000.

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.