iShares Global Financials ETF (NYSEARCA:IXG) Trading 0.3% Higher – What’s Next?

iShares Global Financials ETF (NYSEARCA:IXG) rose 0.3% on Monday . The stock traded as high as $101.24 and last traded at $100.93. Approximately 6,573 shares traded hands during trading, a decline of 67% from the average daily volume of 20,068 shares. The stock had previously closed at $100.65.

iShares Global Financials ETF Price Performance

The company has a 50 day moving average of $96.53 and a two-hundred day moving average of $91.15. The company has a market capitalization of $469.88 million, a PE ratio of 15.34 and a beta of 0.81.

Institutional Trading of iShares Global Financials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of iShares Global Financials ETF by 9,085.3% in the 3rd quarter. International Assets Investment Management LLC now owns 318,545 shares of the company’s stock worth $30,128,000 after buying an additional 315,077 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of iShares Global Financials ETF by 57.2% during the first quarter. Jane Street Group LLC now owns 162,878 shares of the company’s stock valued at $14,112,000 after acquiring an additional 59,255 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of iShares Global Financials ETF in the 2nd quarter worth about $138,000. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Financials ETF in the 3rd quarter worth about $1,617,000. Finally, Creative Planning grew its holdings in shares of iShares Global Financials ETF by 87.1% during the second quarter. Creative Planning now owns 5,060 shares of the company’s stock valued at $430,000 after buying an additional 2,356 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).