iShares Global Financials ETF (NYSEARCA:IXG) Reaches New 12-Month High at $86.69

iShares Global Financials ETF (NYSEARCA:IXG) shares hit a new 52-week high on Thursday . The stock traded as high as $86.69 and last traded at $86.45, with a volume of 3919 shares trading hands. The stock had previously closed at $86.34.

iShares Global Financials ETF Stock Performance

The stock has a market cap of $502.53 million, a P/E ratio of 9.07 and a beta of 0.99. The company’s fifty day moving average price is $81.80 and its 200-day moving average price is $76.46.

Institutional Investors Weigh In On iShares Global Financials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in iShares Global Financials ETF by 1,646.3% in the first quarter. Jane Street Group LLC now owns 497,848 shares of the company’s stock worth $39,554,000 after purchasing an additional 469,339 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of iShares Global Financials ETF by 6,741.7% in the 4th quarter. International Assets Investment Management LLC now owns 359,734 shares of the company’s stock valued at $28,268,000 after purchasing an additional 354,476 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in iShares Global Financials ETF in the 2nd quarter worth approximately $9,861,000. Leo Wealth LLC acquired a new position in iShares Global Financials ETF during the 4th quarter valued at approximately $7,150,000. Finally, Hsbc Holdings PLC raised its holdings in shares of iShares Global Financials ETF by 89.8% in the first quarter. Hsbc Holdings PLC now owns 145,550 shares of the company’s stock worth $11,564,000 after buying an additional 68,850 shares during the last quarter.

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).