iShares Global Financials ETF (NYSEARCA:IXG) Sets New 52-Week High – Time to Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $130.29 and last traded at $129.25, with a volume of 55773 shares traded. The stock had previously closed at $129.60.

iShares Global Financials ETF Stock Performance

The firm has a market cap of $607.48 million, a P/E ratio of 14.77 and a beta of 0.81. The business’s 50-day simple moving average is $122.98 and its 200 day simple moving average is $120.57.

Institutional Trading of iShares Global Financials ETF

Hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC grew its stake 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 acquiring an additional 97,616 shares during the period. Susquehanna International Group LLP raised its stake in iShares Global Financials ETF by 1,633.9% during 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 during the period. Raymond James Financial Inc. lifted its holdings in iShares Global Financials ETF by 543.9% during the third quarter. Raymond James Financial Inc. now owns 69,261 shares of the company’s stock valued at $8,081,000 after purchasing an additional 58,504 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares Global Financials ETF by 174.9% in the second quarter. Ameriprise Financial Inc. now owns 64,386 shares of the company’s stock worth $7,145,000 after purchasing an additional 40,964 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of iShares Global Financials ETF in the fourth quarter worth approximately $3,938,000.

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.