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

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-strong trading volume on Wednesday. 45,813 shares traded hands during trading, an increase of 6% from the average daily volume of 43,137 shares. The stock last traded at $132.67 and had previously closed at $133.20.

iShares Global Financials ETF Stock Down 0.1%

The company has a market cap of $718.74 million, a P/E ratio of 14.17 and a beta of 0.81. The firm’s 50 day moving average is $130.37 and its two-hundred day moving average is $125.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Global Financials ETF in the 3rd quarter valued at about $963,000. Avior Wealth Management LLC acquired a new stake in shares of iShares Global Financials ETF in the third quarter valued at about $10,934,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of iShares Global Financials ETF during the third quarter worth about $13,108,000. D.A. Davidson & CO. bought a new position in shares of iShares Global Financials ETF during the third quarter worth about $273,000. Finally, NBT Bank N.A. acquired a new position in shares of iShares Global Financials ETF in the third quarter worth approximately $29,000.

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.