iShares Global Energy ETF (NYSEARCA:IXC) Sets New 12-Month High – Here’s What Happened

Shares of iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.80 and last traded at $51.4280, with a volume of 333 shares traded. The stock had previously closed at $50.96.

iShares Global Energy ETF Stock Up 0.4%

The business has a 50 day moving average of $45.86 and a 200 day moving average of $43.16. The company has a market capitalization of $2.33 billion, a P/E ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IXC. Cerity Partners LLC raised its stake in iShares Global Energy ETF by 1.6% during the fourth quarter. Cerity Partners LLC now owns 12,721 shares of the company’s stock valued at $533,000 after purchasing an additional 198 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of iShares Global Energy ETF by 0.7% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 40,311 shares of the company’s stock worth $1,584,000 after buying an additional 275 shares during the last quarter. Arcus Capital Partners LLC raised its position 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 buying an additional 277 shares in the last quarter. Pines Wealth Management LLC lifted its holdings in shares of iShares Global Energy ETF by 5.8% in the 4th quarter. Pines Wealth Management LLC now owns 5,322 shares of the company’s stock valued at $223,000 after acquiring an additional 291 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of iShares Global Energy ETF by 7.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,662 shares of the company’s stock valued at $183,000 after acquiring an additional 338 shares during 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.