Raymond James & Associates Sells 1,003 Shares of iShares Global Financials ETF (NYSEARCA:IXG)

Raymond James & Associates decreased its position in iShares Global Financials ETF (NYSEARCA:IXG) by 25.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,946 shares of the company’s stock after selling 1,003 shares during the quarter. Raymond James & Associates’ holdings in iShares Global Financials ETF were worth $211,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Creative Planning bought a new position in iShares Global Financials ETF in the second quarter valued at about $206,000. Centurion Wealth Management LLC boosted its holdings in iShares Global Financials ETF by 2.8% during the second quarter. Centurion Wealth Management LLC now owns 41,798 shares of the company’s stock worth $2,990,000 after buying an additional 1,156 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in iShares Global Financials ETF by 21.5% during the second quarter. Global Retirement Partners LLC now owns 4,064 shares of the company’s stock worth $291,000 after buying an additional 720 shares during the last quarter. Cedar Brook Financial Partners LLC bought a new position in iShares Global Financials ETF during the second quarter worth about $206,000. Finally, Sunbelt Securities Inc. bought a new position in iShares Global Financials ETF during the first quarter worth about $68,000.

iShares Global Financials ETF Trading Up 1.0 %

Shares of IXG opened at $71.41 on Monday. iShares Global Financials ETF has a 1 year low of $65.48 and a 1 year high of $77.22. The stock has a market cap of $414.18 million, a P/E ratio of 9.07 and a beta of 0.99. The stock’s 50-day moving average price is $70.62 and its two-hundred day moving average price is $71.15.

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).