iShares Global Financials ETF (NYSEARCA:IXG) Hits New 1-Year High – Still a Buy?

iShares Global Financials ETF (NYSEARCA:IXG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $136.45 and last traded at $136.60, with a volume of 807 shares. The stock had previously closed at $133.10.

iShares Global Financials ETF Trading Down 0.6%

The company has a market cap of $694.62 million, a PE ratio of 14.77 and a beta of 0.80. The company has a fifty day simple moving average of $132.00 and a two-hundred day simple moving average of $123.89.

Institutional Trading of iShares Global Financials ETF

A number of large investors have recently made changes to their positions in IXG. HighTower Advisors LLC lifted its stake in iShares Global Financials ETF by 1,074.0% in the fourth 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. Integrated Wealth Concepts LLC increased its position in shares of iShares Global Financials ETF by 11.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,473 shares of the company’s stock valued at $255,000 after purchasing an additional 253 shares during the last quarter. Barclays PLC purchased a new stake in shares of iShares Global Financials ETF in the 4th quarter valued at approximately $62,000. 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 purchasing an additional 258 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of iShares Global Financials ETF in the 4th quarter valued at $43,000.

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.