iShares Global Financials ETF $IXG Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its stake in iShares Global Financials ETF (NYSEARCA:IXG) by 27.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,824 shares of the company’s stock after selling 6,983 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares Global Financials ETF were worth $2,086,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tiller Private Wealth Inc. grew its position in shares of iShares Global Financials ETF by 3.6% during the second quarter. Tiller Private Wealth Inc. now owns 4,450 shares of the company’s stock worth $494,000 after acquiring an additional 155 shares during the last quarter. Cetera Investment Advisers grew its position in iShares Global Financials ETF by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 2,741 shares of the company’s stock worth $304,000 after purchasing an additional 161 shares during the last quarter. City State Bank increased its stake in shares of iShares Global Financials ETF by 16.3% in the second quarter. City State Bank now owns 1,425 shares of the company’s stock valued at $158,000 after purchasing an additional 200 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of iShares Global Financials ETF by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after buying an additional 253 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Global Financials ETF by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,858 shares of the company’s stock valued at $428,000 after buying an additional 356 shares during the last quarter.

iShares Global Financials ETF Price Performance

Shares of IXG stock opened at $117.38 on Tuesday. iShares Global Financials ETF has a 12-month low of $88.04 and a 12-month high of $118.44. The firm has a market capitalization of $616.25 million, a price-to-earnings ratio of 14.77 and a beta of 0.93. The business has a 50 day simple moving average of $115.15 and a 200 day simple moving average of $113.17.

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).