Sumitomo Mitsui Trust Group Inc. Purchases 103,215 Shares of iShares Global Financials ETF $IXG

Sumitomo Mitsui Trust Group Inc. purchased a new position in iShares Global Financials ETF (NYSEARCA:IXG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 103,215 shares of the company’s stock, valued at approximately $13,108,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optiver Holding B.V. purchased a new stake in shares of iShares Global Financials ETF during the first quarter worth $27,000. NBT Bank N.A. acquired a new stake in iShares Global Financials ETF during the third quarter valued at $29,000. Mondrian Investment Partners LTD purchased a new position in iShares Global Financials ETF in the third quarter valued at about $56,000. Ascentis Independent Advisors purchased a new position in iShares Global Financials ETF in the first quarter valued at about $63,000. Finally, D.A. Davidson & CO. purchased a new position in iShares Global Financials ETF in the third quarter valued at about $273,000.

iShares Global Financials ETF Price Performance

Shares of IXG stock opened at $131.34 on Friday. iShares Global Financials ETF has a fifty-two week low of $109.99 and a fifty-two week high of $137.00. The stock’s 50-day moving average is $130.50 and its two-hundred day moving average is $125.00. The firm has a market cap of $709.24 million, a P/E ratio of 14.17 and a beta of 0.81.

iShares Global Financials ETF 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.