iShares Global Financials ETF (NYSEARCA:IXG) Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in iShares Global Financials ETF (NYSEARCA:IXG) by 24.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,375 shares of the company’s stock after selling 1,102 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in iShares Global Financials ETF were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richard Bernstein Advisors LLC raised its holdings in shares of iShares Global Financials ETF by 25,473.5% during the third quarter. Richard Bernstein Advisors LLC now owns 66,491 shares of the company’s stock worth $4,684,000 after purchasing an additional 66,231 shares during the period. Valeo Financial Advisors LLC acquired a new stake in iShares Global Financials ETF during the third quarter worth about $269,000. Raymond James & Associates raised its stake in iShares Global Financials ETF by 57.4% during the fourth quarter. Raymond James & Associates now owns 4,818 shares of the company’s stock worth $379,000 after acquiring an additional 1,757 shares during the period. Global Retirement Partners LLC lifted its holdings in iShares Global Financials ETF by 16.8% in the third quarter. Global Retirement Partners LLC now owns 4,745 shares of the company’s stock worth $327,000 after acquiring an additional 681 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in iShares Global Financials ETF in the third quarter valued at approximately $39,000.

iShares Global Financials ETF Trading Up 0.7 %

NYSEARCA:IXG opened at $84.65 on Wednesday. The stock has a 50 day moving average of $83.81 and a 200-day moving average of $78.26. The firm has a market capitalization of $393.62 million, a PE ratio of 15.07 and a beta of 0.85. iShares Global Financials ETF has a 52 week low of $66.83 and a 52 week high of $86.83.

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).