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

Shares of iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week high during trading on Thursday . The stock traded as high as $53.75 and last traded at $53.71, with a volume of 208302 shares traded. The stock had previously closed at $53.30.

iShares Global Energy ETF Price Performance

The business’s 50 day moving average price is $48.27 and its 200-day moving average price is $44.11. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Investors Weigh In On iShares Global Energy ETF

Institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC raised its stake in shares of iShares Global Energy ETF by 200.0% during the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Group One Trading LLC lifted its holdings in shares of iShares Global Energy ETF by 250.0% in the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Global Energy ETF in the fourth quarter valued at approximately $30,000. Clearstead Advisors LLC purchased a new stake in shares of iShares Global Energy ETF in the fourth quarter valued at approximately $31,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in iShares Global Energy ETF during the third quarter worth $30,000.

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.