Cetera Investment Advisers Decreases Stock Position in iShares Global Financials ETF $IXG

Cetera Investment Advisers cut its position in iShares Global Financials ETF (NYSEARCA:IXG) by 51.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,580 shares of the company’s stock after selling 2,693 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Global Financials ETF were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of iShares Global Financials ETF in the first quarter valued at $27,000. Farther Finance Advisors LLC boosted its stake in shares of iShares Global Financials ETF by 423.2% in the first quarter. Farther Finance Advisors LLC now owns 518 shares of the company’s stock valued at $53,000 after purchasing an additional 419 shares during the period. Provident Wealth Management LLC purchased a new position in shares of iShares Global Financials ETF in the first quarter valued at $62,000. Beacon Capital Management LLC purchased a new position in shares of iShares Global Financials ETF in the first quarter valued at $111,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of iShares Global Financials ETF in the fourth quarter valued at $176,000.

iShares Global Financials ETF Trading Up 0.8%

Shares of IXG stock opened at $114.53 on Thursday. The company has a market capitalization of $572.65 million, a PE ratio of 14.77 and a beta of 0.99. The firm has a fifty day simple moving average of $111.03 and a 200-day simple moving average of $105.95. iShares Global Financials ETF has a twelve month low of $88.04 and a twelve month high of $114.81.

iShares Global Financials ETF Company 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).