Hsbc Holdings PLC Makes New Investment in iShares Global Energy ETF $IXC

Hsbc Holdings PLC acquired a new stake in iShares Global Energy ETF (NYSEARCA:IXC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,685,253 shares of the company’s stock, valued at approximately $269,917,000. Hsbc Holdings PLC owned 9.38% of iShares Global Energy ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IXC. MFA Wealth Advisors LLC raised its position in shares of iShares Global Energy ETF by 5.2% in the fourth quarter. MFA Wealth Advisors LLC now owns 303,969 shares of the company’s stock valued at $12,745,000 after buying an additional 14,964 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new stake in iShares Global Energy ETF during the fourth quarter worth approximately $953,000. Fisher Asset Management LLC grew its position in iShares Global Energy ETF by 8.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock worth $617,608,000 after buying an additional 1,127,201 shares in the last quarter. Factor Wealth Management LTD increased its stake in iShares Global Energy ETF by 18.9% during the 1st quarter. Factor Wealth Management LTD now owns 74,287 shares of the company’s stock worth $4,280,000 after acquiring an additional 11,793 shares during the period. Finally, Dara Capital US Inc. bought a new position in iShares Global Energy ETF during the 4th quarter worth $925,000.

iShares Global Energy ETF Price Performance

Shares of NYSEARCA IXC opened at $53.50 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 13.85 and a beta of 0.35. The business has a fifty day moving average price of $52.84 and a two-hundred day moving average price of $51.53. iShares Global Energy ETF has a fifty-two week low of $39.39 and a fifty-two week high of $59.18.

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.