Pictet Asset Management Ltd. acquired a new stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 20,500 shares of the company’s stock, valued at approximately $1,261,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massey Quick Simon & CO. LLC purchased a new stake in iShares Global Financials ETF during the 1st quarter valued at about $31,000. Daiwa SB Investments Ltd. grew its position in iShares Global Financials ETF by 26.1% during the 1st quarter. Daiwa SB Investments Ltd. now owns 870 shares of the company’s stock valued at $54,000 after purchasing an additional 180 shares during the last quarter. FMR LLC grew its position in iShares Global Financials ETF by 32.0% during the 4th quarter. FMR LLC now owns 1,786 shares of the company’s stock valued at $101,000 after purchasing an additional 433 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new stake in iShares Global Financials ETF during the 4th quarter valued at about $105,000. Finally, Aspire Private Capital LLC purchased a new stake in iShares Global Financials ETF during the 4th quarter valued at about $120,000.

Shares of NYSEARCA:IXG traded down $0.41 during trading on Wednesday, hitting $63.74. The company’s stock had a trading volume of 3,547 shares, compared to its average volume of 66,469. iShares Global Financials ETF has a 12 month low of $53.62 and a 12 month high of $68.74.

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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).

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Want to see what other hedge funds are holding IXG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Global Financials ETF (NYSEARCA:IXG).

Institutional Ownership by Quarter for iShares Global Financials ETF (NYSEARCA:IXG)

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