iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 1-Year High – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $58.98 and last traded at $58.98, with a volume of 4081 shares traded. The stock had previously closed at $58.26.

iShares Global Energy ETF Trading Down 0.8%

The stock has a market capitalization of $2.62 billion, a PE ratio of 13.85 and a beta of 0.69. The firm’s fifty day moving average price is $51.41 and its two-hundred day moving average price is $45.42.

Institutional Trading of iShares Global Energy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of iShares Global Energy ETF during the 3rd quarter valued at about $990,000. Client 1ST Advisory Group LLC increased its stake in shares of iShares Global Energy ETF by 26.8% in the 3rd quarter. Client 1ST Advisory Group LLC now owns 74,398 shares of the company’s stock valued at $3,106,000 after purchasing an additional 15,715 shares in the last quarter. Verger Capital Management LLC raised its holdings in iShares Global Energy ETF by 11.6% in the 3rd quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock worth $21,355,000 after purchasing an additional 53,064 shares during the period. J.Safra Asset Management Corp raised its holdings in iShares Global Energy ETF by 163.5% in the 3rd quarter. J.Safra Asset Management Corp now owns 20,157 shares of the company’s stock worth $842,000 after purchasing an additional 12,507 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in iShares Global Energy ETF by 3.4% during the third quarter. Evergreen Capital Management LLC now owns 617,015 shares of the company’s stock worth $25,760,000 after purchasing an additional 20,208 shares in 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.