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

iShares Global Financials ETF (NYSEARCA:IXG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $123.43 and last traded at $123.5140, with a volume of 35519 shares. The stock had previously closed at $121.72.

iShares Global Financials ETF Price Performance

The stock’s 50 day simple moving average is $117.36 and its two-hundred day simple moving average is $114.80. The firm has a market cap of $663.88 million, a P/E ratio of 14.77 and a beta of 0.93.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of iShares Global Financials ETF by 9.6% in the third quarter. Bank of America Corp DE now owns 309,112 shares of the company’s stock worth $36,065,000 after acquiring an additional 27,062 shares during the last quarter. Johnson Bixby & Associates LLC grew its position in iShares Global Financials ETF by 1.1% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 131,068 shares of the company’s stock valued at $15,292,000 after purchasing an additional 1,443 shares during the last quarter. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 122,613 shares in the last quarter. EWG Elevate Inc. increased its stake in iShares Global Financials ETF by 3.5% during the 3rd quarter. EWG Elevate Inc. now owns 104,843 shares of the company’s stock valued at $12,232,000 after purchasing an additional 3,539 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in iShares Global Financials ETF by 1,681.5% in the third quarter. Envestnet Asset Management Inc. now owns 96,574 shares of the company’s stock worth $11,268,000 after buying an additional 91,153 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). 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.