iShares Global Financials ETF (NYSEARCA:IXG) Sets New 52-Week High – Should You Buy?

iShares Global Financials ETF (NYSEARCA:IXG) shares hit a new 52-week high on Monday . The company traded as high as $110.31 and last traded at $109.51, with a volume of 1335 shares traded. The stock had previously closed at $110.16.

iShares Global Financials ETF Trading Down 0.4%

The stock’s 50 day moving average price is $103.49 and its two-hundred day moving average price is $101.66. The firm has a market capitalization of $509.22 million, a PE ratio of 14.12 and a beta of 0.93.

Hedge Funds Weigh In On iShares Global Financials ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of iShares Global Financials ETF by 14.2% in the 1st quarter. Jane Street Group LLC now owns 33,211 shares of the company’s stock valued at $3,421,000 after purchasing an additional 4,131 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of iShares Global Financials ETF by 6,907.8% during the 1st quarter. Jones Financial Companies Lllp now owns 124,388 shares of the company’s stock valued at $12,814,000 after acquiring an additional 122,613 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares Global Financials ETF by 11.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after acquiring an additional 253 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Global Financials ETF by 279.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,502 shares of the company’s stock valued at $361,000 after acquiring an additional 2,578 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of iShares Global Financials ETF by 236.2% during the 1st quarter. Kestra Advisory Services LLC now owns 7,803 shares of the company’s stock valued at $804,000 after acquiring an additional 5,482 shares in 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).