iShares Global Energy ETF (NYSEARCA:IXC) Sets New 1-Year High – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high on Monday. The company traded as high as $62.98 and last traded at $62.7550, with a volume of 471,952 shares traded. The stock had previously closed at $62.98.

iShares Global Energy ETF Stock Performance

The company has a 50 day moving average of $58.75 and a two-hundred day moving average of $55.48. The stock has a market capitalization of $3.31 billion, a PE ratio of 13.85 and a beta of 0.40.

Institutional Investors Weigh In On iShares Global Energy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Wealth Managment LLC ID purchased a new position in shares of iShares Global Energy ETF in the second quarter worth $425,000. Factor Wealth Management LTD lifted its stake in shares of iShares Global Energy ETF by 18.9% during the first quarter. Factor Wealth Management LTD now owns 74,287 shares of the company’s stock worth $4,280,000 after buying an additional 11,793 shares during the period. Morningstar Investment Management LLC acquired a new stake in shares of iShares Global Energy ETF during the first quarter worth $8,923,000. Hsbc Holdings PLC acquired a new stake in shares of iShares Global Energy ETF during the first quarter worth $269,917,000. Finally, Wealthfront Advisers LLC grew its holdings in shares of iShares Global Energy ETF by 47.7% during the first quarter. Wealthfront Advisers LLC now owns 67,900 shares of the company’s stock valued at $3,912,000 after buying an additional 21,919 shares during the last quarter.

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.