Northwest Capital Management Inc Reduces Holdings in iShares Global Financials ETF (NYSEARCA:IXG)

Northwest Capital Management Inc lowered its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 26.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the company’s stock after selling 315 shares during the quarter. Northwest Capital Management Inc’s holdings in iShares Global Financials ETF were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Strategic Financial Concepts LLC bought a new position in iShares Global Financials ETF in the fourth quarter worth $192,000. Client 1ST Advisory Group LLC bought a new position in shares of iShares Global Financials ETF in the 4th quarter worth about $205,000. Integrated Wealth Concepts LLC purchased a new position in iShares Global Financials ETF during the 3rd quarter valued at about $210,000. Partners Wealth Management LLC bought a new stake in iShares Global Financials ETF during the fourth quarter worth about $237,000. Finally, Vontobel Holding Ltd. purchased a new stake in iShares Global Financials ETF in the fourth quarter worth about $288,000.

iShares Global Financials ETF Stock Performance

Shares of NYSEARCA IXG opened at $102.56 on Monday. The company has a 50 day simple moving average of $99.55 and a two-hundred day simple moving average of $96.77. iShares Global Financials ETF has a fifty-two week low of $81.38 and a fifty-two week high of $105.79. The company has a market capitalization of $482.03 million, a price-to-earnings ratio of 14.51 and a beta of 1.01.

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).