Partners Wealth Management LLC Invests $237,000 in iShares Global Financials ETF (NYSEARCA:IXG)

Partners Wealth Management LLC purchased a new stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,467 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in iShares Global Financials ETF by 17.2% in the 4th quarter. Private Advisor Group LLC now owns 6,166 shares of the company’s stock valued at $592,000 after buying an additional 906 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Global Financials ETF in the fourth quarter worth about $192,000. Vontobel Holding Ltd. purchased a new position in iShares Global Financials ETF in the fourth quarter valued at about $288,000. Advisors Preferred LLC grew its stake in iShares Global Financials ETF by 83.5% during the 4th quarter. Advisors Preferred LLC now owns 14,707 shares of the company’s stock valued at $1,406,000 after purchasing an additional 6,693 shares in the last quarter. Finally, Client 1ST Advisory Group LLC purchased a new stake in iShares Global Financials ETF during the 4th quarter worth approximately $205,000.

iShares Global Financials ETF Stock Down 1.2 %

Shares of IXG opened at $102.56 on Monday. The firm has a market cap of $482.03 million, a price-to-earnings ratio of 14.51 and a beta of 1.01. The business’s 50 day moving average is $99.55 and its two-hundred day moving average is $96.77. iShares Global Financials ETF has a 52-week low of $81.38 and a 52-week high of $105.79.

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).