Salomon & Ludwin LLC Lowers Holdings in iShares Global Financials ETF (NYSEARCA:IXG)

Salomon & Ludwin LLC trimmed its position in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 7.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 53,615 shares of the company’s stock after selling 4,243 shares during the quarter. Salomon & Ludwin LLC’s holdings in iShares Global Financials ETF were worth $5,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in shares of iShares Global Financials ETF during the fourth quarter valued at approximately $192,000. MPS Loria Financial Planners LLC purchased a new stake in iShares Global Financials ETF during the 3rd quarter valued at $201,000. Client 1ST Advisory Group LLC bought a new stake in shares of iShares Global Financials ETF in the 4th quarter worth $205,000. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Global Financials ETF in the third quarter worth $210,000. Finally, Sanctuary Advisors LLC bought a new position in shares of iShares Global Financials ETF during the second quarter valued at $226,000.

iShares Global Financials ETF Stock Performance

NYSEARCA IXG opened at $104.19 on Friday. iShares Global Financials ETF has a one year low of $80.20 and a one year high of $105.79. The stock has a 50-day moving average of $99.06 and a 200 day moving average of $95.93. The company has a market capitalization of $484.48 million, a price-to-earnings ratio of 15.34 and a beta of 0.81.

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).