Bank of America Corp DE Lowers Stake in iShares Global Financials ETF (NYSEARCA:IXG)

Bank of America Corp DE lowered its holdings in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 200,584 shares of the company’s stock after selling 3,582 shares during the period. Bank of America Corp DE owned about 4.31% of iShares Global Financials ETF worth $19,267,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IXG. Strategic Financial Concepts LLC bought a new stake in iShares Global Financials ETF in the 4th quarter worth $192,000. Vontobel Holding Ltd. bought a new stake in iShares Global Financials ETF in the 4th quarter worth $288,000. Jones Financial Companies Lllp grew its holdings in iShares Global Financials ETF by 12.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,775 shares of the company’s stock worth $171,000 after acquiring an additional 199 shares during the last quarter. Private Advisor Group LLC grew its holdings in iShares Global Financials ETF by 17.2% in the 4th quarter. Private Advisor Group LLC now owns 6,166 shares of the company’s stock worth $592,000 after acquiring an additional 906 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in iShares Global Financials ETF in the 4th quarter worth $4,546,000.

iShares Global Financials ETF Stock Up 0.4%

Shares of iShares Global Financials ETF stock opened at $109.18 on Tuesday. The firm has a market cap of $496.77 million, a PE ratio of 14.20 and a beta of 0.93. iShares Global Financials ETF has a 12-month low of $82.60 and a 12-month high of $109.38. The company’s fifty day simple moving average is $101.62 and its two-hundred day simple moving average is $100.56.

About iShares Global Financials ETF

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).