iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $44.27 and last traded at $44.2680, with a volume of 63311 shares. The stock had previously closed at $43.52.

iShares Global Energy ETF Stock Performance

The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The company’s fifty day moving average is $42.46 and its two-hundred day moving average is $41.43.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IXC. Farther Finance Advisors LLC lifted its holdings in iShares Global Energy ETF by 1.9% in the second quarter. Farther Finance Advisors LLC now owns 13,602 shares of the company’s stock valued at $534,000 after acquiring an additional 248 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of iShares Global Energy ETF by 0.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 40,311 shares of the company’s stock worth $1,584,000 after purchasing an additional 275 shares during the period. Arcus Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 277 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of iShares Global Energy ETF by 7.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,662 shares of the company’s stock valued at $183,000 after purchasing an additional 338 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in shares of iShares Global Energy ETF by 3.8% in the 3rd quarter. Brighton Jones LLC now owns 9,655 shares of the company’s stock valued at $403,000 after purchasing an additional 356 shares during the period.

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.