iShares Global Financials ETF (NYSEARCA:IXG) Sees Strong Trading Volume – Here’s Why

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw strong trading volume on Wednesday. 77,612 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 44,622 shares. The stock last traded at $129.3660 and had previously closed at $128.92.

iShares Global Financials ETF Stock Down 0.0%

The firm has a 50 day moving average of $131.28 and a 200 day moving average of $127.32. The firm has a market cap of $701.08 million, a PE ratio of 14.77 and a beta of 0.82.

Institutional Investors Weigh In On iShares Global Financials ETF

Several institutional investors have recently made changes to their positions in IXG. Avior Wealth Management LLC purchased a new position in iShares Global Financials ETF during the third quarter valued at approximately $10,934,000. Kestra Advisory Services LLC raised its holdings in shares of iShares Global Financials ETF by 3.6% in the 1st quarter. Kestra Advisory Services LLC now owns 8,502 shares of the company’s stock valued at $969,000 after acquiring an additional 293 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of iShares Global Financials ETF by 10.7% during the first quarter. KCM Investment Advisors LLC now owns 6,510 shares of the company’s stock worth $742,000 after purchasing an additional 628 shares in the last quarter. Fifth Third Bancorp increased its position in shares of iShares Global Financials ETF by 27.0% in the first quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock worth $418,000 after purchasing an additional 781 shares during the last quarter. Finally, World Investment Advisors bought a new stake in iShares Global Financials ETF during the fourth quarter valued at approximately $414,000.

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.