iShares Global Energy ETF (NYSEARCA:IXC) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC) saw strong trading volume on Tuesday . Approximately 4,060,432 shares were traded during trading, an increase of 302% from the previous session’s volume of 1,011,290 shares.The stock last traded at $50.16 and had previously closed at $49.17.

iShares Global Energy ETF Trading Down 1.1%

The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 13.85 and a beta of 0.35. The firm’s 50-day moving average is $53.23 and its two-hundred day moving average is $51.06.

Hedge Funds Weigh In On iShares Global Energy ETF

A number of hedge funds have recently made changes to their positions in IXC. Darwin Wealth Management LLC acquired a new stake in shares of iShares Global Energy ETF in the first quarter worth approximately $33,000. Manchester Capital Management LLC raised its stake in iShares Global Energy ETF by 200.0% in the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Parallel Advisors LLC lifted its holdings in iShares Global Energy ETF by 51.9% in the 1st quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock valued at $36,000 after purchasing an additional 215 shares in the last quarter. Scarborough Advisors LLC purchased a new position in iShares Global Energy ETF in the 1st quarter valued at $40,000. Finally, PNC Financial Services Group Inc. boosted its stake in iShares Global Energy ETF by 54.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 696 shares of the company’s stock worth $40,000 after purchasing an additional 245 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.