HighTower Advisors LLC Grows Stock Holdings in iShares Global Financials ETF (NYSEARCA:IXG)

HighTower Advisors LLC raised its stake in iShares Global Financials ETF (NYSEARCA:IXG) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,823 shares of the company’s stock after buying an additional 159 shares during the period. HighTower Advisors LLC’s holdings in iShares Global Financials ETF were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IXG. Strategic Financial Concepts LLC acquired a new stake in iShares Global Financials ETF during the 4th quarter valued at $192,000. Banco Santander S.A. purchased a new stake in iShares Global Financials ETF during the 4th quarter worth about $4,546,000. EWG Elevate Inc. purchased a new position in iShares Global Financials ETF in the 4th quarter valued at about $1,661,000. Founders Grove Wealth Partners LLC acquired a new stake in shares of iShares Global Financials ETF during the 4th quarter worth about $1,445,000. Finally, Advisors Preferred LLC grew its holdings in shares of iShares Global Financials ETF by 83.5% during the fourth quarter. Advisors Preferred LLC now owns 14,707 shares of the company’s stock worth $1,406,000 after buying an additional 6,693 shares in the last quarter.

iShares Global Financials ETF Stock Performance

Shares of IXG opened at $103.02 on Tuesday. iShares Global Financials ETF has a 1 year low of $81.38 and a 1 year high of $106.16. The company’s 50 day simple moving average is $102.69 and its 200 day simple moving average is $98.97. The company has a market capitalization of $468.74 million, a price-to-earnings ratio of 14.26 and a beta of 1.00.

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).