iShares Global Energy ETF (NYSEARCA:IXC) Sees Large Volume Increase – Should You Buy?

iShares Global Energy ETF (NYSEARCA:IXC) saw unusually-strong trading volume on Tuesday . Approximately 901,823 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 994,797 shares.The stock last traded at $55.91 and had previously closed at $56.15.

iShares Global Energy ETF Stock Down 0.0%

The stock’s 50 day moving average price is $55.42 and its 200-day moving average price is $49.15. The stock has a market capitalization of $2.61 billion, a PE ratio of 13.85 and a beta of 0.37.

Institutional Trading of iShares Global Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of iShares Global Energy ETF in the first quarter worth $529,000. Royal Bank of Canada increased its stake in shares of iShares Global Energy ETF by 28.9% in the first quarter. Royal Bank of Canada now owns 179,975 shares of the company’s stock worth $10,368,000 after purchasing an additional 40,364 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares Global Energy ETF in the first quarter worth $680,000. Quantinno Capital Management LP increased its stake in shares of iShares Global Energy ETF by 8.7% in the first quarter. Quantinno Capital Management LP now owns 10,673 shares of the company’s stock worth $615,000 after purchasing an additional 855 shares in the last quarter. Finally, Morningstar Investment Management LLC purchased a new stake in shares of iShares Global Energy ETF in the first quarter worth $8,923,000.

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.