iShares Global Financials ETF (NYSEARCA:IXG) Sees Strong Trading Volume – Here’s Why

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw an uptick in trading volume on Monday . 74,876 shares traded hands during trading, an increase of 156% from the previous session’s volume of 29,249 shares.The stock last traded at $118.2140 and had previously closed at $121.92.

iShares Global Financials ETF Stock Performance

The stock has a market capitalization of $646.51 million, a P/E ratio of 14.77 and a beta of 0.93. The business has a 50-day moving average price of $121.63 and a 200 day moving average price of $117.76.

Institutional Investors Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BOKF NA purchased a new stake in iShares Global Financials ETF during the 3rd quarter valued at $37,000. Arax Advisory Partners bought a new position in iShares Global Financials ETF in the fourth quarter valued at about $43,000. Atlantic Union Bankshares Corp purchased a new position in iShares Global Financials ETF in the second quarter worth about $45,000. Blair William & Co. IL grew its stake in shares of iShares Global Financials ETF by 112.2% during the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after purchasing an additional 258 shares during the period. Finally, Barclays PLC purchased a new stake in shares of iShares Global Financials ETF during the 4th quarter valued at about $62,000.

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). 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.