iShares Global Energy ETF (NYSEARCA:IXC) Hits New 12-Month High – Here’s Why

iShares Global Energy ETF (NYSEARCA:IXC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $44.27 and last traded at $44.2680, with a volume of 63311 shares changing hands. The stock had previously closed at $43.52.

iShares Global Energy ETF Stock Up 0.5%

The company has a 50 day simple moving average of $42.56 and a 200 day simple moving average of $41.47. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. J. Safra Sarasin Holding AG purchased a new stake in iShares Global Energy ETF during the fourth quarter worth approximately $953,000. Chesley Taft & Associates LLC lifted its holdings in shares of iShares Global Energy ETF by 19.5% during the 4th quarter. Chesley Taft & Associates LLC now owns 25,650 shares of the company’s stock valued at $1,076,000 after acquiring an additional 4,180 shares in the last quarter. MFA Wealth Advisors LLC lifted its holdings in shares of iShares Global Energy ETF by 5.2% during the 4th quarter. MFA Wealth Advisors LLC now owns 303,969 shares of the company’s stock valued at $12,745,000 after acquiring an additional 14,964 shares in the last quarter. Client 1ST Advisory Group LLC boosted its position in iShares Global Energy ETF by 19.0% during the 4th quarter. Client 1ST Advisory Group LLC now owns 88,525 shares of the company’s stock worth $3,712,000 after purchasing an additional 14,127 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in iShares Global Energy ETF by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,846 shares of the company’s stock valued at $2,020,000 after purchasing an additional 3,128 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.