iShares Global Financials ETF (NYSEARCA:IXG) Sees Unusually-High Trading Volume – Still a Buy?

iShares Global Financials ETF (NYSEARCA:IXG) shares saw strong trading volume on Wednesday . 142,387 shares were traded during mid-day trading, an increase of 298% from the previous session’s volume of 35,744 shares.The stock last traded at $125.37 and had previously closed at $125.83.

iShares Global Financials ETF Stock Performance

The company has a market cap of $558.25 million, a PE ratio of 14.77 and a beta of 0.81. The stock’s 50-day simple moving average is $121.32 and its 200 day simple moving average is $119.76.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IXG. NBC Securities Inc. boosted its holdings in iShares Global Financials ETF by 5.1% in the 4th quarter. NBC Securities Inc. now owns 1,764 shares of the company’s stock valued at $213,000 after purchasing an additional 86 shares in the last quarter. Fisher Asset Management LLC increased its holdings in iShares Global Financials ETF by 1.5% in the third quarter. Fisher Asset Management LLC now owns 6,782 shares of the company’s stock valued at $791,000 after buying an additional 102 shares in the last quarter. MML Investors Services LLC increased its holdings in iShares Global Financials ETF by 2.3% in the fourth quarter. MML Investors Services LLC now owns 4,733 shares of the company’s stock valued at $572,000 after buying an additional 108 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of iShares Global Financials ETF by 3.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 3,968 shares of the company’s stock valued at $479,000 after acquiring an additional 120 shares during the period. Finally, Tiller Private Wealth Inc. lifted its position in shares of iShares Global Financials ETF by 2.8% during the 4th quarter. Tiller Private Wealth Inc. now owns 4,600 shares of the company’s stock valued at $556,000 after acquiring an additional 125 shares during the period.

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.