Sowell Financial Services LLC Buys 12,323 Shares of iShares Global Energy ETF $IXC

Sowell Financial Services LLC bought a new position in iShares Global Energy ETF (NYSEARCA:IXC) in the third quarter, Holdings Channel.com reports. The firm bought 12,323 shares of the company’s stock, valued at approximately $702,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of iShares Global Energy ETF in the third quarter valued at about $26,000. Barrett & Company Inc. acquired a new position in iShares Global Energy ETF in the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC acquired a new position in iShares Global Energy ETF in the 1st quarter worth approximately $33,000. CX Institutional purchased a new position in iShares Global Energy ETF during the 3rd quarter worth approximately $34,000. Finally, Parallel Advisors LLC raised its position in iShares Global Energy ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock worth $36,000 after buying an additional 215 shares during the last quarter.

iShares Global Energy ETF Stock Performance

Shares of NYSEARCA IXC opened at $64.19 on Monday. The company has a 50 day simple moving average of $59.67 and a two-hundred day simple moving average of $54.55. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 13.85 and a beta of 0.40. iShares Global Energy ETF has a 12 month low of $40.55 and a 12 month high of $64.34.

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.