iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – Still a Buy?

iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week high on Tuesday . The stock traded as high as $43.46 and last traded at $43.3810, with a volume of 36281 shares trading hands. The stock had previously closed at $42.85.

iShares Global Energy ETF Stock Up 1.5%

The company has a market capitalization of $1.95 billion, a P/E ratio of 13.85 and a beta of 0.69. The company has a 50-day moving average of $41.51 and a two-hundred day moving average of $40.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IXC. Fisher Asset Management LLC raised its holdings in iShares Global Energy ETF by 14.9% in the second quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock worth $492,460,000 after buying an additional 1,624,618 shares during the last quarter. Jane Street Group LLC lifted its holdings in iShares Global Energy ETF by 16.3% in the first quarter. Jane Street Group LLC now owns 437,908 shares of the company’s stock valued at $18,423,000 after acquiring an additional 61,294 shares during the period. Verger Capital Management LLC boosted its holdings in shares of iShares Global Energy ETF by 11.6% in the third quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock worth $21,355,000 after buying an additional 53,064 shares during the last quarter. Money Design Co. Ltd. grew its holdings in iShares Global Energy ETF by 18.9% during the second quarter. Money Design Co. Ltd. now owns 306,833 shares of the company’s stock valued at $12,055,000 after purchasing an additional 48,834 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of iShares Global Energy ETF by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 253,826 shares of the company’s stock valued at $9,973,000 after buying an additional 43,310 shares in the last quarter.

iShares Global Energy ETF Company Profile

iShares Global Energy ETF (the Fund), formerly iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy.