Janney Montgomery Scott LLC Sells 14,337 Shares of iShares Global Financials ETF $IXG

Janney Montgomery Scott LLC lessened its holdings in iShares Global Financials ETF (NYSEARCA:IXG) by 61.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,031 shares of the company’s stock after selling 14,337 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Global Financials ETF were worth $1,030,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IXG. HighTower Advisors LLC increased its stake in iShares Global Financials ETF by 1,074.0% in the 4th quarter. HighTower Advisors LLC now owns 106,705 shares of the company’s stock worth $12,889,000 after acquiring an additional 97,616 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock valued at $57,000 after acquiring an additional 258 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of iShares Global Financials ETF during the 4th quarter valued at about $43,000. BOKF NA bought a new stake in shares of iShares Global Financials ETF during the 3rd quarter valued at about $37,000. Finally, World Investment Advisors purchased a new position in shares of iShares Global Financials ETF during the fourth quarter worth about $414,000.

iShares Global Financials ETF Stock Performance

Shares of NYSEARCA IXG opened at $129.24 on Monday. The business has a 50-day moving average of $123.47 and a 200-day moving average of $120.74. The firm has a market capitalization of $607.43 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. iShares Global Financials ETF has a 12 month low of $109.05 and a 12 month high of $130.29.

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). 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.