iShares Global Financials ETF (NYSEARCA:IXG) Hits New 12-Month High – Still a Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) reached a new 52-week high on Thursday . The company traded as high as $127.92 and last traded at $127.92, with a volume of 766 shares. The stock had previously closed at $124.50.

iShares Global Financials ETF Price Performance

The firm has a fifty day simple moving average of $122.59 and a 200-day simple moving average of $120.43. The firm has a market cap of $606.91 million, a P/E ratio of 14.77 and a beta of 0.81.

Institutional Trading of iShares Global Financials ETF

Hedge funds have recently bought and sold shares of the business. NBC Securities Inc. increased its stake in iShares Global Financials ETF by 5.1% during the 4th quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after purchasing an additional 86 shares in the last quarter. Fisher Asset Management LLC raised its holdings in iShares Global Financials ETF by 1.5% during the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock worth $791,000 after buying an additional 102 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of iShares Global Financials ETF by 2.3% in the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock valued at $572,000 after buying an additional 108 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of iShares Global Financials ETF by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock valued at $479,000 after buying an additional 120 shares in the last quarter. Finally, Tiller Private Wealth Inc. lifted its stake in shares of iShares Global Financials ETF by 2.8% in the fourth quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock valued at $556,000 after buying an additional 125 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). 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.