iShares Global Financials ETF (NYSEARCA:IXG) Sets New 1-Year High – Here’s What Happened

iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $133.58 and last traded at $133.58, with a volume of 2618 shares traded. The stock had previously closed at $133.00.

iShares Global Financials ETF Trading Up 0.5%

The company’s 50 day moving average is $126.92 and its 200-day moving average is $121.86. The firm has a market capitalization of $685.85 million, a price-to-earnings ratio of 14.77 and a beta of 0.80.

Institutional Trading of iShares Global Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new position in iShares Global Financials ETF in the 1st quarter valued at about $27,000. NBT Bank N A NY grew its position in shares of iShares Global Financials ETF by 151.2% in the first quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 183 shares during the last quarter. BOKF NA acquired a new position in shares of iShares Global Financials ETF in the third quarter valued at approximately $37,000. Arax Advisory Partners bought a new position in shares of iShares Global Financials ETF during the fourth quarter worth approximately $43,000. Finally, Blair William & Co. IL increased 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 worth $57,000 after purchasing an additional 258 shares during the period.

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.