iShares Global Financials ETF (NYSEARCA:IXG) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw strong trading volume on Thursday . 179,983 shares changed hands during trading, an increase of 281% from the previous session’s volume of 47,284 shares.The stock last traded at $111.65 and had previously closed at $112.35.

iShares Global Financials ETF Price Performance

The firm has a market capitalization of $608.98 million, a PE ratio of 14.77 and a beta of 0.93. The company has a 50-day moving average price of $119.73 and a 200 day moving average price of $117.74.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. BOKF NA bought a new stake in shares of iShares Global Financials ETF during the third quarter valued at approximately $37,000. Arax Advisory Partners purchased a new position in iShares Global Financials ETF during the fourth quarter valued at $43,000. Blair William & Co. IL increased its holdings in iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after acquiring an additional 258 shares during the last quarter. Barclays PLC purchased a new stake in iShares Global Financials ETF in the 4th quarter worth $62,000. Finally, Sava Infond d.o.o. lifted its stake in iShares Global Financials ETF by 43.8% in the 3rd quarter. Sava Infond d.o.o. now owns 575 shares of the company’s stock worth $67,000 after purchasing an additional 175 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.