iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $59.18 and last traded at $59.11, with a volume of 261033 shares traded. The stock had previously closed at $58.18.
iShares Global Energy ETF Price Performance
The firm has a market cap of $3.05 billion, a P/E ratio of 13.85 and a beta of 0.35. The company’s 50-day moving average is $53.92 and its two-hundred day moving average is $53.96.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in IXC. Ameritas Advisory Services LLC bought a new stake in iShares Global Energy ETF during the second quarter worth $235,000. Legacy Wealth Managment LLC ID acquired a new position in shares of iShares Global Energy ETF during the 2nd quarter worth $425,000. Concurrent Investment Advisors LLC lifted its position in shares of iShares Global Energy ETF by 36.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,979 shares of the company’s stock worth $638,000 after buying an additional 3,486 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of iShares Global Energy ETF during the 2nd quarter worth $748,000. Finally, Solstein Capital LLC acquired a new stake in iShares Global Energy ETF in the second quarter valued at about $358,000.
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.
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