iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – What’s Next?

iShares Global Energy ETF (NYSEARCA:IXC) shares hit a new 52-week high on Tuesday . The company traded as high as $57.17 and last traded at $57.10, with a volume of 148063 shares. The stock had previously closed at $55.90.

iShares Global Energy ETF Stock Performance

The stock’s 50 day moving average price is $49.80 and its 200-day moving average price is $44.73. The company has a market cap of $2.59 billion, a PE ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Manchester Capital Management LLC lifted its stake in shares of iShares Global Energy ETF by 200.0% in the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Group One Trading LLC grew its position in iShares Global Energy ETF by 250.0% during the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Global Energy ETF in the 4th quarter worth approximately $30,000. Clearstead Advisors LLC purchased a new position in iShares Global Energy ETF in the 4th quarter worth approximately $31,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in iShares Global Energy ETF in the third quarter valued at approximately $30,000.

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