iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 52-Week High – Here’s What Happened

Shares of iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $127.03 and last traded at $125.45, with a volume of 176642 shares trading hands. The stock had previously closed at $125.83.

iShares Global Financials ETF Stock Down 0.3%

The company’s 50 day moving average price is $121.52 and its 200-day moving average price is $119.82. The stock has a market cap of $558.25 million, a P/E ratio of 14.77 and a beta of 0.81.

Hedge Funds Weigh In On iShares Global Financials ETF

Several large investors have recently modified their holdings of IXG. Optiver Holding B.V. bought a new position in shares of iShares Global Financials ETF during the first quarter valued at $27,000. NBT Bank N A NY raised its stake in shares of iShares Global Financials ETF by 151.2% during the first quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 183 shares during the last quarter. BOKF NA bought a new position in shares of iShares Global Financials ETF during the third quarter valued at $37,000. Arax Advisory Partners bought a new position in iShares Global Financials ETF during the fourth quarter worth $43,000. Finally, Blair William & Co. IL raised its stake in 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 buying an additional 258 shares during 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.