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

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.51 and last traded at $49.47, with a volume of 242683 shares trading hands. The stock had previously closed at $48.91.

iShares Global Energy ETF Price Performance

The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The business’s fifty day simple moving average is $43.84 and its 200 day simple moving average is $42.26.

Institutional Trading of iShares Global Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IXC. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in iShares Global Energy ETF by 0.7% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 40,311 shares of the company’s stock worth $1,584,000 after acquiring an additional 275 shares in the last quarter. Arcus Capital Partners LLC increased its holdings in shares of iShares Global Energy ETF by 3.3% during the third quarter. Arcus Capital Partners LLC now owns 8,620 shares of the company’s stock valued at $360,000 after acquiring an additional 277 shares in the last quarter. Pines Wealth Management LLC raised its position in shares of iShares Global Energy ETF by 5.8% during the fourth quarter. Pines Wealth Management LLC now owns 5,322 shares of the company’s stock worth $223,000 after purchasing an additional 291 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of iShares Global Energy ETF by 7.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,662 shares of the company’s stock worth $183,000 after purchasing an additional 338 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of iShares Global Energy ETF by 3.8% in the 3rd quarter. Brighton Jones LLC now owns 9,655 shares of the company’s stock worth $403,000 after purchasing an additional 356 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. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.