iShares Global Financials ETF (NYSEARCA:IXG) Sees Strong Trading Volume – Here’s What Happened

iShares Global Financials ETF (NYSEARCA:IXG) shares saw unusually-high trading volume on Monday . 151,682 shares traded hands during trading, an increase of 299% from the previous session’s volume of 38,063 shares.The stock last traded at $129.43 and had previously closed at $129.24.

iShares Global Financials ETF Stock Down 0.1%

The business’s 50 day moving average is $123.47 and its 200-day moving average is $120.74. The firm has a market cap of $607.10 million, a P/E ratio of 14.77 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IXG. HighTower Advisors LLC increased its position in shares of 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 last quarter. Susquehanna International Group LLP grew its stake in iShares Global Financials ETF by 1,633.9% in the third quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after purchasing an additional 61,126 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares Global Financials ETF by 543.9% in the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after purchasing an additional 58,504 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Global Financials ETF by 174.9% in the second 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 during the last quarter. Finally, Jane Street Group LLC bought a new stake in iShares Global Financials ETF in the fourth quarter valued at about $3,938,000.

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.