Royal Bank of Canada Has $1.98 Million Holdings in iShares Global Financials ETF $IXG

Royal Bank of Canada lessened its position in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 54.0% in the first quarter, HoldingsChannel reports. The fund owned 17,347 shares of the company’s stock after selling 20,400 shares during the period. Royal Bank of Canada’s holdings in iShares Global Financials ETF were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IXG. HighTower Advisors LLC increased its position in iShares Global Financials ETF by 1,074.0% during the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after buying an additional 97,616 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares Global Financials ETF in the fourth quarter valued at about $203,000. Mutual Advisors LLC bought a new stake in shares of iShares Global Financials ETF in the fourth quarter valued at about $203,000. NBC Securities Inc. grew its stake in shares of iShares Global Financials ETF by 5.1% in the fourth quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after acquiring an additional 86 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of iShares Global Financials ETF by 27.0% in the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after acquiring an additional 781 shares in the last quarter.

iShares Global Financials ETF Trading Down 0.4%

Shares of IXG opened at $133.88 on Wednesday. iShares Global Financials ETF has a 12 month low of $109.99 and a 12 month high of $135.65. The firm’s 50 day moving average is $129.45 and its 200-day moving average is $122.80. The stock has a market capitalization of $682.79 million, a PE ratio of 14.77 and a beta of 0.80.

iShares Global Financials ETF 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.