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

iShares Global Energy ETF (NYSEARCA:IXC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.66 and last traded at $48.4080, with a volume of 135344 shares. The stock had previously closed at $48.03.

iShares Global Energy ETF Trading Up 1.0%

The stock’s fifty day moving average price is $43.36 and its 200 day moving average price is $42.02. The stock has a market cap of $2.20 billion, a P/E ratio of 13.85 and a beta of 0.69.

Hedge Funds Weigh In On iShares Global Energy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in shares of iShares Global Energy ETF by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 13,602,292 shares of the company’s stock worth $567,896,000 after buying an additional 1,068,318 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in iShares Global Energy ETF by 1.2% in the fourth quarter. Evergreen Capital Management LLC now owns 624,706 shares of the company’s stock worth $26,194,000 after acquiring an additional 7,691 shares in the last quarter. Verger Capital Management LLC grew its stake in shares of iShares Global Energy ETF by 12.6% in the fourth quarter. Verger Capital Management LLC now owns 575,775 shares of the company’s stock worth $24,142,000 after acquiring an additional 64,282 shares during the last quarter. UBS Group AG increased its holdings in shares of iShares Global Energy ETF by 11.6% during the fourth quarter. UBS Group AG now owns 499,935 shares of the company’s stock valued at $20,962,000 after acquiring an additional 51,793 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of iShares Global Energy ETF by 1.5% during the third quarter. Commonwealth Equity Services LLC now owns 403,371 shares of the company’s stock valued at $16,841,000 after acquiring an additional 5,910 shares in the last quarter.

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.