Bank of America Corp DE Decreases Position in iShares Global Financials ETF (NYSEARCA:IXG)

Bank of America Corp DE cut its stake in iShares Global Financials ETF (NYSEARCA:IXGGet Rating) by 20.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,324,624 shares of the company’s stock after selling 600,831 shares during the quarter. Bank of America Corp DE owned approximately 16.72% of iShares Global Financials ETF worth $184,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in iShares Global Financials ETF in the 4th quarter worth approximately $26,000. San Luis Wealth Advisors LLC purchased a new position in iShares Global Financials ETF in the 1st quarter worth approximately $30,000. Professional Financial Advisors LLC purchased a new position in iShares Global Financials ETF in the 1st quarter worth approximately $31,000. EverSource Wealth Advisors LLC purchased a new position in iShares Global Financials ETF in the 4th quarter worth approximately $181,000. Finally, Aspire Wealth Management Corp purchased a new position in iShares Global Financials ETF in the 4th quarter worth approximately $203,000.

iShares Global Financials ETF Price Performance

IXG opened at $65.44 on Thursday. The company’s 50 day simple moving average is $67.88 and its two-hundred day simple moving average is $71.23. iShares Global Financials ETF has a 1-year low of $62.48 and a 1-year high of $86.71.

About iShares Global Financials ETF

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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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Institutional Ownership by Quarter for iShares Global Financials ETF (NYSEARCA:IXG)

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