iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 1-Year High – Should You Buy?

iShares Global Financials ETF (NYSEARCA:IXG)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $127.92 and last traded at $127.92, with a volume of 766 shares traded. The stock had previously closed at $124.50.

iShares Global Financials ETF Price Performance

The stock has a market cap of $606.62 million, a PE ratio of 14.77 and a beta of 0.81. The business has a fifty day moving average of $122.33 and a 200-day moving average of $120.33.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC increased its stake in shares of iShares Global Financials ETF by 37.9% during the third quarter. Cresset Asset Management LLC now owns 25,951 shares of the company’s stock valued at $3,028,000 after buying an additional 7,127 shares during the period. HighTower Advisors LLC lifted its stake in iShares Global Financials ETF by 1,074.0% in the fourth quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after acquiring an additional 97,616 shares during the period. Fisher Asset Management LLC lifted its stake in iShares Global Financials ETF by 1.5% in the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock worth $791,000 after acquiring an additional 102 shares during the period. LOM Asset Management Ltd grew its holdings in iShares Global Financials ETF by 13.3% during the 3rd quarter. LOM Asset Management Ltd now owns 8,530 shares of the company’s stock worth $995,000 after acquiring an additional 1,000 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its position in iShares Global Financials ETF by 2.6% during the 3rd quarter. KCM Investment Advisors LLC now owns 5,722 shares of the company’s stock valued at $668,000 after purchasing an additional 146 shares during the period.

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). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.