Shares of iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw an uptick in trading volume on Monday. Approximately 3,409,312 shares were traded during mid-day trading, an increase of 261% from the average daily volume of 944,591 shares. The stock last traded at $57.1590 and had previously closed at $57.03.
iShares Global Energy ETF Stock Down 0.2%
The stock’s fifty day moving average price is $59.84 and its 200 day moving average price is $54.93. The stock has a market cap of $3.08 billion, a PE ratio of 13.85 and a beta of 0.37.
Hedge Funds Weigh In On iShares Global Energy ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IXC. Legacy Wealth Managment LLC ID bought a new position in shares of iShares Global Energy ETF in the second quarter worth approximately $425,000. Morningstar Investment Management LLC purchased a new stake in shares of iShares Global Energy ETF in the first quarter worth $8,923,000. Everett Harris & Co. CA purchased a new stake in shares of iShares Global Energy ETF in the third quarter worth $570,000. Ayalon Insurance Comp Ltd. bought a new stake in shares of iShares Global Energy ETF during the 3rd quarter valued at $6,123,000. Finally, Sowell Financial Services LLC bought a new stake in shares of iShares Global Energy ETF during the 3rd quarter valued at $702,000.
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.
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