iShares Global Energy ETF (NYSEARCA:IXC) Hits New 1-Year High at $42.92

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.92 and last traded at $42.67, with a volume of 26102 shares changing hands. The stock had previously closed at $42.56.

iShares Global Energy ETF Price Performance

The stock has a market cap of $1.97 billion, a P/E ratio of 14.37 and a beta of 1.13. The firm’s 50-day moving average price is $39.63 and its 200-day moving average price is $39.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IXC. Envestnet Asset Management Inc. boosted its stake in iShares Global Energy ETF by 12,125.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,339,573 shares of the company’s stock worth $287,051,000 after buying an additional 7,279,539 shares during the period. Fisher Asset Management LLC boosted its stake in iShares Global Energy ETF by 5.5% during the fourth quarter. Fisher Asset Management LLC now owns 4,788,873 shares of the company’s stock worth $187,293,000 after buying an additional 247,674 shares during the period. Hsbc Holdings PLC purchased a new position in iShares Global Energy ETF during the fourth quarter worth $78,055,000. CWM LLC boosted its stake in iShares Global Energy ETF by 120,585.3% during the fourth quarter. CWM LLC now owns 1,579,770 shares of the company’s stock worth $61,785,000 after buying an additional 1,578,461 shares during the period. Finally, Morgan Stanley boosted its stake in iShares Global Energy ETF by 1.4% during the third quarter. Morgan Stanley now owns 1,501,664 shares of the company’s stock worth $61,959,000 after buying an additional 20,818 shares during the period.

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.