Richard Bernstein Advisors LLC Sells 649 Shares of iShares Global Financials ETF (NYSEARCA:IXG)

Richard Bernstein Advisors LLC cut its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,529 shares of the company’s stock after selling 649 shares during the quarter. Richard Bernstein Advisors LLC owned approximately 1.17% of iShares Global Financials ETF worth $5,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Partners Wealth Management LLC bought a new position in shares of iShares Global Financials ETF during the fourth quarter worth about $237,000. Private Advisor Group LLC raised its holdings in iShares Global Financials ETF by 17.2% during the 4th quarter. Private Advisor Group LLC now owns 6,166 shares of the company’s stock worth $592,000 after purchasing an additional 906 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares Global Financials ETF in the 4th quarter worth approximately $192,000. Vontobel Holding Ltd. acquired a new position in shares of iShares Global Financials ETF in the 4th quarter worth approximately $288,000. Finally, Advisors Preferred LLC boosted its stake in shares of iShares Global Financials ETF by 83.5% in the 4th quarter. Advisors Preferred LLC now owns 14,707 shares of the company’s stock valued at $1,406,000 after purchasing an additional 6,693 shares during the last quarter.

iShares Global Financials ETF Stock Up 0.6 %

IXG opened at $103.34 on Wednesday. The stock has a market cap of $485.70 million, a PE ratio of 14.51 and a beta of 1.01. iShares Global Financials ETF has a twelve month low of $81.38 and a twelve month high of $105.79. The company has a fifty day moving average of $99.73 and a 200-day moving average of $97.01.

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).