Money Design Co. Ltd. Sells 6,633 Shares of iShares Global Financials ETF (NYSEARCA:IXG)

Money Design Co. Ltd. cut its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,070 shares of the company’s stock after selling 6,633 shares during the quarter. Money Design Co. Ltd. owned approximately 0.63% of iShares Global Financials ETF worth $2,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IXG. MPS Loria Financial Planners LLC acquired a new position in shares of iShares Global Financials ETF during the third quarter valued at about $201,000. Client 1ST Advisory Group LLC bought a new stake in iShares Global Financials ETF in the 4th quarter valued at about $205,000. Integrated Wealth Concepts LLC acquired a new position in iShares Global Financials ETF during the 3rd quarter worth approximately $210,000. Sanctuary Advisors LLC bought a new position in iShares Global Financials ETF in the second quarter worth approximately $226,000. Finally, HighTower Advisors LLC grew its stake in iShares Global Financials ETF by 10.0% in the third quarter. HighTower Advisors LLC now owns 3,664 shares of the company’s stock valued at $344,000 after acquiring an additional 333 shares during the period.

iShares Global Financials ETF Stock Up 0.1 %

Shares of NYSEARCA:IXG opened at $102.25 on Wednesday. iShares Global Financials ETF has a twelve month low of $78.56 and a twelve month high of $105.79. The stock’s 50 day moving average is $98.54 and its 200-day moving average is $94.76. The firm has a market capitalization of $475.46 million, a price-to-earnings ratio of 15.34 and a beta of 0.81.

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).