Arete Wealth Advisors LLC Reduces Holdings in iShares Global Financials ETF (NYSEARCA:IXG)

Arete Wealth Advisors LLC lessened its holdings in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 18.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,466 shares of the company’s stock after selling 6,630 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Global Financials ETF were worth $2,787,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Cetera Advisors LLC lifted its stake in shares of iShares Global Financials ETF by 9.0% in the first quarter. Cetera Advisors LLC now owns 3,242 shares of the company’s stock worth $281,000 after buying an additional 269 shares in the last quarter. Tiller Private Wealth Inc. acquired a new stake in iShares Global Financials ETF in the 2nd quarter valued at about $339,000. Signature Estate & Investment Advisors LLC purchased a new position in iShares Global Financials ETF in the 2nd quarter worth approximately $228,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares Global Financials ETF during the 2nd quarter worth approximately $138,000. Finally, Creative Planning grew its position in shares of iShares Global Financials ETF by 87.1% in the second quarter. Creative Planning now owns 5,060 shares of the company’s stock valued at $430,000 after purchasing an additional 2,356 shares in the last quarter.

iShares Global Financials ETF Stock Performance

Shares of iShares Global Financials ETF stock opened at $99.89 on Wednesday. The business’s 50 day moving average price is $97.60 and its 200 day moving average price is $91.91. The company has a market cap of $464.47 million, a price-to-earnings ratio of 15.34 and a beta of 0.81. iShares Global Financials ETF has a one year low of $75.90 and a one year high of $105.79.

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).