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

Shares of iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week high during trading on Monday . The company traded as high as $44.00 and last traded at $42.9430, with a volume of 10553 shares changing hands. The stock had previously closed at $42.84.

iShares Global Energy ETF Trading Down 2.6%

The company’s 50-day moving average is $42.35 and its 200 day moving average is $41.31. The firm has a market cap of $1.92 billion, a PE ratio of 13.85 and a beta of 0.69.

Institutional Trading of iShares Global Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of IXC. Pin Oak Investment Advisors Inc. purchased a new stake in iShares Global Energy ETF in the 3rd quarter worth about $30,000. Advisory Services Network LLC acquired a new position in iShares Global Energy ETF in the 3rd quarter valued at approximately $38,000. Fortitude Family Office LLC purchased a new stake in iShares Global Energy ETF in the 3rd quarter worth approximately $40,000. Sound Income Strategies LLC lifted its position in iShares Global Energy ETF by 2,153.8% in the 2nd quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock worth $69,000 after buying an additional 1,680 shares in the last quarter. Finally, Kilter Group LLC acquired a new stake in shares of iShares Global Energy ETF during the 2nd quarter valued at $75,000.

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.