iShares Global Energy ETF (NYSEARCA:IXC) Sets New 12-Month High – Should You Buy?

iShares Global Energy ETF (NYSEARCA:IXCGet Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $46.23 and last traded at $45.67, with a volume of 376790 shares changing hands. The stock had previously closed at $45.61.

iShares Global Energy ETF Stock Up 0.9%

The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The stock has a fifty day moving average of $42.96 and a 200-day moving average of $41.80.

Institutional Investors Weigh In On iShares Global Energy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Global Energy ETF in the fourth quarter valued at $30,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of iShares Global Energy ETF in the 3rd quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of iShares Global Energy ETF in the 3rd quarter valued at about $38,000. Fortitude Family Office LLC purchased a new position in iShares Global Energy ETF during the 3rd quarter worth approximately $40,000. Finally, Elevated Capital Advisors LLC acquired a new position in iShares Global Energy ETF during the fourth quarter worth approximately $41,000.

About iShares Global Energy ETF

(Get Free Report)

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.

Further Reading

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