iShares Global Energy ETF (NYSEARCA:IXC) Hits New 1-Year High – Still a Buy?

iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.24 and last traded at $44.9890, with a volume of 134104 shares changing hands. The stock had previously closed at $44.10.

iShares Global Energy ETF Stock Performance

The stock has a market cap of $2.05 billion, a PE ratio of 13.85 and a beta of 0.69. The stock has a fifty day simple moving average of $42.64 and a two-hundred day simple moving average of $41.58.

Institutional Trading of iShares Global Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in iShares Global Energy ETF by 14.9% during the 2nd quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock valued at $492,460,000 after acquiring an additional 1,624,618 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of iShares Global Energy ETF during the third quarter worth about $7,510,000. Citadel Advisors LLC grew its stake in iShares Global Energy ETF by 135.2% in the third quarter. Citadel Advisors LLC now owns 127,261 shares of the company’s stock worth $5,313,000 after purchasing an additional 73,152 shares in the last quarter. Verger Capital Management LLC increased its holdings in iShares Global Energy ETF by 11.6% in the third quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock valued at $21,355,000 after buying an additional 53,064 shares during the last quarter. Finally, Money Design Co. Ltd. raised its stake in iShares Global Energy ETF by 18.9% during the second quarter. Money Design Co. Ltd. now owns 306,833 shares of the company’s stock valued at $12,055,000 after buying an additional 48,834 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.