Rainier Family Wealth Inc. Invests $1.85 Million in iShares Global Energy ETF $IXC

Rainier Family Wealth Inc. bought a new stake in iShares Global Energy ETF (NYSEARCA:IXC) in the 1st quarter, HoldingsChannel.com reports. The firm bought 32,100 shares of the company’s stock, valued at approximately $1,849,000. iShares Global Energy ETF makes up approximately 1.2% of Rainier Family Wealth Inc.’s investment portfolio, making the stock its 27th largest holding.

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

iShares Global Energy ETF Stock Performance

IXC opened at $50.37 on Tuesday. iShares Global Energy ETF has a one year low of $38.88 and a one year high of $59.18. The stock has a market capitalization of $2.45 billion, a P/E ratio of 13.85 and a beta of 0.34. The business’s 50-day simple moving average is $54.24 and its 200-day simple moving average is $50.46.

iShares Global Energy ETF 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.