Sumitomo Mitsui Trust Group Inc. Buys 103,215 Shares of iShares Global Financials ETF $IXG

Sumitomo Mitsui Trust Group Inc. bought a new position in iShares Global Financials ETF (NYSEARCA:IXG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 103,215 shares of the company’s stock, valued at approximately $13,108,000. Sumitomo Mitsui Trust Group Inc. owned 1.91% of iShares Global Financials ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IXG. Avior Wealth Management LLC purchased a new stake in iShares Global Financials ETF in the 3rd quarter worth about $10,934,000. Sanctuary Advisors LLC boosted its position in iShares Global Financials ETF by 45.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,437 shares of the company’s stock worth $278,000 after acquiring an additional 757 shares during the period. Mondrian Investment Partners LTD acquired a new stake in iShares Global Financials ETF during the 3rd quarter worth about $56,000. D.A. Davidson & CO. purchased a new position in iShares Global Financials ETF during the 3rd quarter valued at about $273,000. Finally, Fifth Third Bancorp grew its stake in iShares Global Financials ETF by 27.0% during the 1st quarter. Fifth Third Bancorp now owns 3,669 shares of the company’s stock valued at $418,000 after acquiring an additional 781 shares in the last quarter.

iShares Global Financials ETF Price Performance

Shares of IXG opened at $131.34 on Friday. The company has a market capitalization of $709.24 million, a price-to-earnings ratio of 14.17 and a beta of 0.81. iShares Global Financials ETF has a fifty-two week low of $109.99 and a fifty-two week high of $137.00. The business’s 50-day moving average is $130.50 and its 200-day moving average is $125.00.

iShares Global Financials ETF 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.