Mmbg Investment Advisors CO. decreased its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG – Get Rating) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,500 shares of the company's stock after selling 13,500 shares during the period. Mmbg Investment Advisors CO.'s holdings in iShares Global Financials ETF were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IXG. International Assets Investment Management LLC boosted its position in shares of iShares Global Financials ETF by 49.7% in the fourth quarter. International Assets Investment Management LLC now owns 11,893 shares of the company's stock valued at $924,000 after acquiring an additional 3,946 shares during the period. Ronald Blue Trust Inc. boosted its holdings in iShares Global Financials ETF by 70.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 6,401 shares of the company's stock valued at $393,000 after purchasing an additional 2,643 shares during the period. Outlook Wealth Advisors LLC grew its position in shares of iShares Global Financials ETF by 5.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 88,769 shares of the company's stock valued at $5,443,000 after purchasing an additional 4,441 shares in the last quarter. BMS Financial Advisors LLC bought a new position in shares of iShares Global Financials ETF in the fourth quarter worth $1,641,000. Finally, CX Institutional raised its position in shares of iShares Global Financials ETF by 3.4% in the fourth quarter. CX Institutional now owns 18,312 shares of the company's stock worth $1,287,000 after buying an additional 605 shares in the last quarter.

iShares Global Financials ETF Stock Performance

iShares Global Financials ETF stock traded down $1.15 during midday trading on Tuesday, hitting $70.27. 4,000 shares of the company's stock were exchanged, compared to its average volume of 79,931. The company has a market cap of $432.16 million, a P/E ratio of 9.07 and a beta of 0.99. The stock has a 50-day moving average price of $70.64 and a two-hundred day moving average price of $71.10. iShares Global Financials ETF has a 52-week low of $59.97 and a 52-week high of $77.22.

iShares Global Financials ETF Company Profile

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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).

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Want to see what other hedge funds are holding IXG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Global Financials ETF (NYSEARCA:IXG – Get Rating).

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