iShares Global Financials ETF (NYSEARCA:IXG) Hits New 52-Week High at $86.69

Shares of iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high on Thursday . The stock traded as high as $86.69 and last traded at $86.45, with a volume of 3919 shares changing hands. The stock had previously closed at $86.34.

iShares Global Financials ETF Trading Up 0.3 %

The firm has a market capitalization of $502.53 million, a price-to-earnings ratio of 9.07 and a beta of 0.99. The stock has a fifty day moving average price of $81.80 and a 200-day moving average price of $76.46.

Institutional Investors Weigh In On iShares Global Financials ETF

A number of hedge funds have recently made changes to their positions in IXG. Jane Street Group LLC boosted its stake in iShares Global Financials ETF by 1,646.3% in the first quarter. Jane Street Group LLC now owns 497,848 shares of the company’s stock worth $39,554,000 after purchasing an additional 469,339 shares in the last quarter. Morgan Stanley raised its position in iShares Global Financials ETF by 0.7% in the 3rd quarter. Morgan Stanley now owns 378,981 shares of the company’s stock worth $26,697,000 after purchasing an additional 2,694 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in iShares Global Financials ETF by 6,741.7% during the 4th quarter. International Assets Investment Management LLC now owns 359,734 shares of the company’s stock worth $28,268,000 after buying an additional 354,476 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in iShares Global Financials ETF in the second quarter valued at about $9,861,000. Finally, Hsbc Holdings PLC boosted its stake in shares of iShares Global Financials ETF by 89.8% in the 1st quarter. Hsbc Holdings PLC now owns 145,550 shares of the company’s stock valued at $11,564,000 after purchasing an additional 68,850 shares during 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).