iShares Global Financials ETF (NYSEARCA:IXG) Hits New 1-Year High – What’s Next?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high during trading on Wednesday . The stock traded as high as $130.29 and last traded at $129.25, with a volume of 55773 shares changing hands. The stock had previously closed at $129.60.

iShares Global Financials ETF Price Performance

The company’s 50 day simple moving average is $123.28 and its 200 day simple moving average is $120.69. The firm has a market cap of $603.86 million, a price-to-earnings ratio of 14.77 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. increased its stake in shares of iShares Global Financials ETF by 5.1% during the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock worth $213,000 after buying an additional 86 shares during the period. MML Investors Services LLC lifted its stake in iShares Global Financials ETF by 2.3% in the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock worth $572,000 after acquiring an additional 108 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in iShares Global Financials ETF by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock worth $479,000 after acquiring an additional 120 shares during the last quarter. Tiller Private Wealth Inc. grew its holdings in iShares Global Financials ETF by 2.8% during the 4th quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock worth $556,000 after acquiring an additional 125 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares Global Financials ETF by 3.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,257 shares of the company’s stock worth $514,000 after acquiring an additional 158 shares in 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.