iShares Global Financials ETF (NYSEARCA:IXG) Shares Up 0.3% – Should You Buy?

iShares Global Financials ETF (NYSEARCA:IXG) rose 0.3% during mid-day trading on Monday . The company traded as high as $101.24 and last traded at $100.93. Approximately 6,573 shares were traded 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 Stock Up 0.1 %

The stock has a market capitalization of $469.88 million, a P/E ratio of 15.34 and a beta of 0.81. The stock’s 50 day moving average price is $96.53 and its 200-day moving average price is $91.15.

Institutional Investors Weigh In On iShares Global Financials ETF

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its position in shares of iShares Global Financials ETF by 12.0% during the third quarter. Sanctuary Advisors LLC now owns 3,006 shares of the company’s stock worth $303,000 after purchasing an additional 321 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in iShares Global Financials ETF during the 3rd quarter valued at approximately $210,000. HighTower Advisors LLC lifted 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 acquiring an additional 333 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Global Financials ETF in the third quarter valued at about $1,617,000. Finally, International Assets Investment Management LLC raised its stake in shares of iShares Global Financials ETF by 9,085.3% in the third 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 during the last quarter.

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).