iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Volume Increase – Should You Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw an uptick in trading volume on Wednesday. 77,612 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 44,622 shares. The stock last traded at $129.3660 and had previously closed at $128.92.

iShares Global Financials ETF Trading Up 0.7%

The firm has a market capitalization of $701.27 million, a price-to-earnings ratio of 14.77 and a beta of 0.82. The company has a 50-day moving average of $131.48 and a 200-day moving average of $127.10.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. bought a new position in shares of iShares Global Financials ETF in the 1st quarter worth about $27,000. NBT Bank N A NY boosted its holdings in shares of iShares Global Financials ETF by 151.2% in the 1st quarter. NBT Bank N A NY now owns 304 shares of the company’s stock valued at $35,000 after buying an additional 183 shares during the period. Ascentis Independent Advisors acquired a new position in shares of iShares Global Financials ETF in the 1st quarter valued at about $63,000. Sanctuary Advisors LLC grew its position in shares of iShares Global Financials ETF by 45.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock valued at $278,000 after buying an additional 757 shares during the last quarter. Finally, World Investment Advisors bought a new stake in shares of iShares Global Financials ETF during the 4th quarter valued at about $414,000.

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.