iShares Global Financials ETF (NYSEARCA:IXG) Sees Large Volume Increase – Should You Buy?

Shares of iShares Global Financials ETF (NYSEARCA:IXG) saw unusually-high trading volume on Wednesday. Approximately 45,813 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 43,137 shares. The stock last traded at $132.67 and had previously closed at $133.20.

iShares Global Financials ETF Price Performance

The company has a market capitalization of $718.74 million, a price-to-earnings ratio of 14.17 and a beta of 0.81. The firm’s fifty day moving average price is $130.37 and its 200-day moving average price is $125.18.

Institutional Trading of iShares Global Financials ETF

A number of hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC grew its holdings in shares of iShares Global Financials ETF by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 8,125 shares of the company’s stock worth $1,032,000 after purchasing an additional 178 shares during the last quarter. NBT Bank N.A. bought a new position in iShares Global Financials ETF in the 3rd quarter valued at approximately $29,000. Optiver Holding B.V. bought a new position in iShares Global Financials ETF in the 1st quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. acquired a new stake in iShares Global Financials ETF during the 3rd quarter worth approximately $43,000. Finally, Harbour Investments Inc. acquired a new stake in iShares Global Financials ETF during the 3rd quarter worth approximately $54,000.

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.