HighTower Advisors LLC Boosts Holdings in iShares Global Financials ETF (NYSEARCA:IXG)

HighTower Advisors LLC lifted its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,664 shares of the company’s stock after purchasing an additional 333 shares during the period. HighTower Advisors LLC owned about 0.08% of iShares Global Financials ETF worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in iShares Global Financials ETF by 9,085.3% in the 3rd quarter. International Assets Investment Management LLC now owns 318,545 shares of the company’s stock valued at $30,128,000 after purchasing an additional 315,077 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of iShares Global Financials ETF in the second quarter worth about $226,000. Strategic Financial Concepts LLC acquired a new position in iShares Global Financials ETF during the second quarter worth about $138,000. Signature Estate & Investment Advisors LLC purchased a new stake in iShares Global Financials ETF during the 2nd quarter valued at about $228,000. Finally, Creative Planning raised its holdings in iShares Global Financials ETF by 87.1% in the 2nd quarter. Creative Planning now owns 5,060 shares of the company’s stock valued at $430,000 after acquiring an additional 2,356 shares during the last quarter.

iShares Global Financials ETF Price Performance

IXG opened at $95.61 on Monday. The company’s 50 day simple moving average is $98.28 and its two-hundred day simple moving average is $92.55. The firm has a market capitalization of $444.59 million, a price-to-earnings ratio of 15.34 and a beta of 0.81. iShares Global Financials ETF has a 1-year low of $76.10 and a 1-year high of $105.79.

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).