Salomon & Ludwin LLC Reduces Position in iShares Global Financials ETF (NYSEARCA:IXG)

Salomon & Ludwin LLC trimmed its position in iShares Global Financials ETF (NYSEARCA:IXG) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,615 shares of the company’s stock after selling 4,243 shares during the quarter. Salomon & Ludwin LLC owned 1.15% of iShares Global Financials ETF worth $5,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. bought a new stake in iShares Global Financials ETF in the 4th quarter worth $288,000. Advisors Preferred LLC boosted 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 purchasing an additional 6,693 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of iShares Global Financials ETF in the fourth quarter worth about $192,000. Client 1ST Advisory Group LLC purchased a new position in iShares Global Financials ETF during the 4th quarter valued at about $205,000. Finally, Founders Grove Wealth Partners LLC bought a new position in iShares Global Financials ETF during the 4th quarter valued at approximately $1,445,000.

iShares Global Financials ETF Stock Performance

Shares of IXG stock opened at $104.19 on Friday. iShares Global Financials ETF has a fifty-two week low of $80.20 and a fifty-two week high of $105.79. The firm has a market cap of $484.48 million, a P/E ratio of 15.34 and a beta of 0.81. The business’s 50 day moving average price is $99.06 and its 200-day moving average price is $95.93.

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).