iShares Global Energy ETF (NYSEARCA:IXC) Sets New 52-Week High – Still a Buy?

iShares Global Energy ETF (NYSEARCA:IXC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.23 and last traded at $45.67, with a volume of 376790 shares traded. The stock had previously closed at $45.61.

iShares Global Energy ETF Price Performance

The firm has a market cap of $2.08 billion, a P/E ratio of 13.85 and a beta of 0.69. The stock’s 50-day simple moving average is $42.81 and its two-hundred day simple moving average is $41.72.

Institutional Trading of iShares Global Energy ETF

Several institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of iShares Global Energy ETF by 0.7% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 40,311 shares of the company’s stock valued at $1,584,000 after buying an additional 275 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in iShares Global Energy ETF by 3.3% during the 3rd quarter. Arcus Capital Partners LLC now owns 8,620 shares of the company’s stock valued at $360,000 after acquiring an additional 277 shares during the period. SBI Securities Co. Ltd. grew its position in iShares Global Energy ETF by 7.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,662 shares of the company’s stock valued at $183,000 after acquiring an additional 338 shares during the last quarter. Brighton Jones LLC increased its stake in iShares Global Energy ETF by 3.8% in the third quarter. Brighton Jones LLC now owns 9,655 shares of the company’s stock worth $403,000 after purchasing an additional 356 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in shares of iShares Global Energy ETF by 4.9% during the second quarter. J.W. Cole Advisors Inc. now owns 7,919 shares of the company’s stock worth $311,000 after purchasing an additional 370 shares during 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.