iShares Global Financials ETF (NYSEARCA:IXG) Stock Price Up 0.3% – Here’s What Happened

Shares of iShares Global Financials ETF (NYSEARCA:IXG) rose 0.3% on Monday . The company traded as high as $101.24 and last traded at $100.93. Approximately 6,573 shares traded hands during mid-day 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 firm has a market cap of $469.32 million, a PE ratio of 15.34 and a beta of 0.81. The business has a 50-day moving average price of $96.22 and a two-hundred day moving average price of $90.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of iShares Global Financials ETF by 12.0% in the third quarter. Sanctuary Advisors LLC now owns 3,006 shares of the company’s stock valued at $303,000 after buying an additional 321 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in iShares Global Financials ETF during the 3rd quarter worth about $210,000. HighTower Advisors LLC increased its position in iShares Global Financials ETF by 10.0% during the 3rd quarter. HighTower Advisors LLC now owns 3,664 shares of the company’s stock worth $344,000 after purchasing an additional 333 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Global Financials ETF during the 3rd quarter worth about $1,617,000. Finally, International Assets Investment Management LLC increased its position in iShares Global Financials ETF by 9,085.3% during the 3rd quarter. International Assets Investment Management LLC now owns 318,545 shares of the company’s stock worth $30,128,000 after purchasing an additional 315,077 shares in 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).