iShares Global Energy ETF (NYSEARCA:IXC) Sets New 1-Year High – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high on Monday . The company traded as high as $44.00 and last traded at $42.9430, with a volume of 10553 shares changing hands. The stock had previously closed at $42.84.

iShares Global Energy ETF Stock Down 1.0%

The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The firm’s 50 day moving average is $42.30 and its 200 day moving average is $41.28.

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 increased 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. Alliancebernstein L.P. bought a new stake in iShares Global Energy ETF during the third quarter worth approximately $7,510,000. Citadel Advisors LLC raised its holdings in iShares Global Energy ETF by 135.2% in the 3rd quarter. Citadel Advisors LLC now owns 127,261 shares of the company’s stock worth $5,313,000 after acquiring an additional 73,152 shares during the period. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 61,294 shares during the last quarter. Finally, Verger Capital Management LLC boosted its stake in iShares Global Energy ETF by 11.6% during the 3rd quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock valued at $21,355,000 after purchasing an additional 53,064 shares during the period.

About iShares Global Energy ETF

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. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.