Founders Grove Wealth Partners LLC acquired a new stake in iShares Global Financials ETF (NYSEARCA:IXG – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,043 shares of the company’s stock, valued at approximately $1,445,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EWG Elevate Inc. bought a new position in iShares Global Financials ETF in the 4th quarter valued at approximately $1,661,000. Sanctuary Advisors LLC lifted its position in iShares Global Financials ETF by 12.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,006 shares of the company’s stock valued at $303,000 after acquiring an additional 321 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in iShares Global Financials ETF in the 3rd quarter valued at approximately $210,000. HighTower Advisors LLC lifted its position in iShares Global Financials ETF by 10.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,664 shares of the company’s stock valued at $344,000 after acquiring an additional 333 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Financials ETF in the 3rd quarter valued at approximately $1,617,000.
iShares Global Financials ETF Trading Up 1.2 %
IXG stock opened at $95.85 on Wednesday. The stock has a market capitalization of $445.70 million, a PE ratio of 15.34 and a beta of 0.81. iShares Global Financials ETF has a 12-month low of $76.10 and a 12-month high of $105.79. The stock’s 50 day simple moving average is $98.37 and its 200 day simple moving average is $93.91.
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).
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