iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 12-Month High – Still a Buy?

iShares Global Financials ETF (NYSEARCA:IXG) shares reached a new 52-week high during trading on Monday . The stock traded as high as $123.43 and last traded at $123.5140, with a volume of 35519 shares changing hands. The stock had previously closed at $121.72.

iShares Global Financials ETF Stock Up 1.9%

The stock has a market capitalization of $663.88 million, a P/E ratio of 14.77 and a beta of 0.93. The company has a fifty day moving average price of $117.36 and a 200-day moving average price of $114.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tiller Private Wealth Inc. lifted its holdings in shares of iShares Global Financials ETF by 3.6% in the 2nd quarter. Tiller Private Wealth Inc. now owns 4,450 shares of the company’s stock valued at $494,000 after acquiring an additional 155 shares during the last quarter. Farther Finance Advisors LLC raised its position in iShares Global Financials ETF by 103.7% during the second quarter. Farther Finance Advisors LLC now owns 1,055 shares of the company’s stock valued at $117,000 after purchasing an additional 537 shares during the period. Janney Montgomery Scott LLC raised its position in iShares Global Financials ETF by 27.9% during the second quarter. Janney Montgomery Scott LLC now owns 7,644 shares of the company’s stock valued at $847,000 after purchasing an additional 1,668 shares during the period. City State Bank lifted its stake in shares of iShares Global Financials ETF by 16.3% in the 2nd quarter. City State Bank now owns 1,425 shares of the company’s stock valued at $158,000 after purchasing an additional 200 shares during the last quarter. Finally, Wedmont Private Capital purchased a new position in shares of iShares Global Financials ETF in the 2nd quarter worth approximately $228,000.

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.