Vontobel Holding Ltd. Makes New Investment in iShares Global Financials ETF (NYSEARCA:IXG)

Vontobel Holding Ltd. acquired a new position in iShares Global Financials ETF (NYSEARCA:IXG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the company’s stock, valued at approximately $288,000. Vontobel Holding Ltd. owned 0.06% of iShares Global Financials ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IXG. International Assets Investment Management LLC boosted its holdings in iShares Global Financials ETF by 9,085.3% in the third quarter. International Assets Investment Management LLC now owns 318,545 shares of the company’s stock worth $30,128,000 after purchasing an additional 315,077 shares during the period. Strategic Financial Concepts LLC bought a new stake in iShares Global Financials ETF in the fourth quarter valued at $192,000. EWG Elevate Inc. bought a new stake in iShares Global Financials ETF in the fourth quarter valued at $1,661,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares Global Financials ETF in the third quarter valued at $1,617,000. Finally, Founders Grove Wealth Partners LLC bought a new stake in iShares Global Financials ETF in the fourth quarter valued at $1,445,000.

iShares Global Financials ETF Stock Performance

IXG stock opened at $102.56 on Friday. The stock has a market capitalization of $482.03 million, a price-to-earnings ratio of 14.51 and a beta of 1.01. iShares Global Financials ETF has a 1 year low of $81.38 and a 1 year high of $105.79. The stock’s fifty day moving average is $99.48 and its two-hundred day moving average is $96.47.

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).