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

iShares Global Financials ETF (NYSEARCA:IXG) saw strong trading volume on Thursday . Approximately 65,426 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 41,718 shares.The stock last traded at $132.20 and had previously closed at $131.21.

iShares Global Financials ETF Stock Performance

The company has a 50-day simple moving average of $126.03 and a two-hundred day simple moving average of $121.53. The firm has a market capitalization of $674.37 million, a P/E ratio of 14.77 and a beta of 0.81.

Institutional Investors Weigh In On iShares Global Financials ETF

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in iShares Global Financials ETF by 9.6% in the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after purchasing an additional 27,062 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of iShares Global Financials ETF by 1,074.0% during the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock valued at $12,889,000 after buying an additional 97,616 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Global Financials ETF by 26.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 81,175 shares of the company’s stock worth $9,471,000 after buying an additional 16,789 shares during the period. Raymond James Financial Inc. grew its position in shares of iShares Global Financials ETF by 543.9% in the 3rd quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock worth $8,081,000 after buying an additional 58,504 shares during the period. Finally, Susquehanna International Group LLP increased its stake in shares of iShares Global Financials ETF by 1,633.9% in the 3rd quarter. Susquehanna International Group LLP now owns 64,867 shares of the company’s stock worth $7,568,000 after acquiring an additional 61,126 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.