iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.18 and last traded at $59.08, with a volume of 24189 shares changing hands. The stock had previously closed at $58.13.

iShares Global Energy ETF Stock Up 1.4%

The stock has a market cap of $3.03 billion, a P/E ratio of 13.85 and a beta of 0.35. The firm has a 50 day simple moving average of $52.93 and a 200-day simple moving average of $53.44.

Hedge Funds Weigh In On iShares Global Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Financial Advisory Corp lifted its holdings in iShares Global Energy ETF by 1.6% during the second quarter. Financial Advisory Corp now owns 226,108 shares of the company’s stock worth $11,109,000 after acquiring an additional 3,654 shares during the period. Chesley Taft & Associates LLC grew its position in shares of iShares Global Energy ETF by 0.9% in the 2nd quarter. Chesley Taft & Associates LLC now owns 28,012 shares of the company’s stock worth $1,376,000 after buying an additional 240 shares during the period. First Heartland Consultants Inc. lifted its holdings in shares of iShares Global Energy ETF by 7.4% during the second quarter. First Heartland Consultants Inc. now owns 8,593 shares of the company’s stock valued at $422,000 after purchasing an additional 591 shares during the last quarter. Factor Wealth Management LTD boosted its holdings in iShares Global Energy ETF by 27.3% in the second quarter. Factor Wealth Management LTD now owns 94,559 shares of the company’s stock worth $4,646,000 after acquiring an additional 20,272 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of iShares Global Energy ETF by 2.4% in the 2nd quarter. Versant Capital Management Inc now owns 497,916 shares of the company’s stock worth $24,463,000 after purchasing an additional 11,463 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.