iShares Global Energy ETF (NYSEARCA:IXC) Shares Gap Down – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC) shares gapped down before the market opened on Monday . The stock had previously closed at $54.16, but opened at $51.20. iShares Global Energy ETF shares last traded at $51.44, with a volume of 495,368 shares trading hands.

iShares Global Energy ETF Price Performance

The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 13.85 and a beta of 0.34. The firm’s 50-day simple moving average is $54.91 and its 200 day simple moving average is $50.13.

Institutional Investors Weigh In On iShares Global Energy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in iShares Global Energy ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock worth $36,000 after acquiring an additional 215 shares during the last quarter. NewEdge Advisors LLC grew its position in iShares Global Energy ETF by 32.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,945 shares of the company’s stock worth $803,000 after acquiring an additional 3,409 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in iShares Global Energy ETF during the 1st quarter worth $529,000. Royal Bank of Canada grew its position in iShares Global Energy ETF by 28.9% during the 1st quarter. Royal Bank of Canada now owns 179,975 shares of the company’s stock worth $10,368,000 after acquiring an additional 40,364 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in iShares Global Energy ETF during the 1st quarter worth $680,000.

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.