Northwestern Mutual Wealth Management Co. Buys 2,578 Shares of iShares Global Financials ETF $IXG

Northwestern Mutual Wealth Management Co. lifted its stake in iShares Global Financials ETF (NYSEARCA:IXG) by 279.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,502 shares of the company’s stock after buying an additional 2,578 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.08% of iShares Global Financials ETF worth $361,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in iShares Global Financials ETF during the fourth quarter worth about $605,000. Jane Street Group LLC bought a new position in iShares Global Financials ETF during the fourth quarter worth about $2,793,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in iShares Global Financials ETF during the fourth quarter worth about $176,000. GTS Securities LLC bought a new position in iShares Global Financials ETF during the fourth quarter worth about $215,000. Finally, Farther Finance Advisors LLC lifted its stake in iShares Global Financials ETF by 423.2% during the first quarter. Farther Finance Advisors LLC now owns 518 shares of the company’s stock worth $53,000 after purchasing an additional 419 shares during the period.

iShares Global Financials ETF Stock Down 0.7%

Shares of IXG opened at $114.65 on Wednesday. The stock has a market cap of $573.25 million, a price-to-earnings ratio of 14.77 and a beta of 0.99. iShares Global Financials ETF has a 12 month low of $88.04 and a 12 month high of $116.14. The company has a 50-day moving average price of $112.40 and a two-hundred day moving average price of $106.73.

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).