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

iShares Global Energy ETF (NYSEARCA:IXC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $51.04 and last traded at $51.0410, with a volume of 46870 shares traded. The stock had previously closed at $50.38.

iShares Global Energy ETF Stock Down 0.6%

The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The company has a fifty day moving average price of $45.09 and a two-hundred day moving average price of $42.85.

Institutional Trading of iShares Global Energy ETF

A number of large investors have recently bought and sold shares of IXC. Manchester Capital Management LLC increased its stake in iShares Global Energy ETF by 200.0% in the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Group One Trading LLC grew its holdings in shares of iShares Global Energy ETF by 250.0% during the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Global Energy ETF in the 4th quarter valued at about $30,000. Clearstead Advisors LLC purchased a new stake in iShares Global Energy ETF during the 4th quarter valued at approximately $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in iShares Global Energy ETF during the 3rd quarter valued at approximately $30,000.

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.