iShares Global Financials ETF (NYSEARCA:IXG) Sees Unusually-High Trading Volume – Still a Buy?

iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-strong trading volume on Wednesday . Approximately 142,387 shares were traded during mid-day trading, an increase of 298% from the previous session’s volume of 35,744 shares.The stock last traded at $125.37 and had previously closed at $125.83.

iShares Global Financials ETF Price Performance

The stock has a market cap of $558.25 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. The firm’s 50-day moving average is $121.32 and its 200 day moving average is $119.76.

Institutional Trading of iShares Global Financials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IXG. Integrated Wealth Concepts LLC boosted its holdings in iShares Global Financials ETF by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after acquiring an additional 253 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of iShares Global Financials ETF by 14.2% in the 1st quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock worth $3,421,000 after purchasing an additional 4,131 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares Global Financials ETF by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock valued at $304,000 after purchasing an additional 161 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Global Financials ETF by 54.6% during the 2nd quarter. Raymond James Financial Inc. now owns 10,757 shares of the company’s stock worth $1,192,000 after purchasing an additional 3,799 shares during the period. Finally, Ameriprise Financial Inc. increased its position in iShares Global Financials ETF by 174.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock worth $7,145,000 after purchasing an additional 40,964 shares in the last quarter.

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.