Modern Wealth Management LLC Lowers Holdings in iShares Global Energy ETF $IXC

Modern Wealth Management LLC trimmed its stake in iShares Global Energy ETF (NYSEARCA:IXC) by 65.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,666 shares of the company’s stock after selling 86,617 shares during the quarter. Modern Wealth Management LLC owned 0.10% of iShares Global Energy ETF worth $1,948,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IXC. Fortitude Family Office LLC bought a new position in shares of iShares Global Energy ETF during the third quarter valued at $40,000. Kilter Group LLC purchased a new position in shares of iShares Global Energy ETF in the 2nd quarter worth about $75,000. Blue Trust Inc. boosted its stake in iShares Global Energy ETF by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 1,816 shares of the company’s stock worth $76,000 after purchasing an additional 460 shares in the last quarter. AE Wealth Management LLC boosted its stake in iShares Global Energy ETF by 32.9% in the 2nd quarter. AE Wealth Management LLC now owns 2,761 shares of the company’s stock worth $108,000 after purchasing an additional 684 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in iShares Global Energy ETF by 59.7% during the 3rd quarter. Fifth Third Bancorp now owns 2,722 shares of the company’s stock valued at $114,000 after purchasing an additional 1,018 shares during the last quarter.

iShares Global Energy ETF Stock Performance

NYSEARCA:IXC opened at $52.62 on Monday. The firm has a market cap of $2.39 billion, a P/E ratio of 13.85 and a beta of 0.69. iShares Global Energy ETF has a fifty-two week low of $33.89 and a fifty-two week high of $53.41. The firm has a 50-day simple moving average of $47.16 and a two-hundred day simple moving average of $43.73.

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.