Royal Bank of Canada Grows Position in iShares Global Energy ETF $IXC

Royal Bank of Canada boosted its position in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 28.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,975 shares of the company’s stock after purchasing an additional 40,364 shares during the period. Royal Bank of Canada owned about 0.37% of iShares Global Energy ETF worth $10,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its stake in iShares Global Energy ETF by 200.0% in the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. Group One Trading LLC raised its holdings in shares of iShares Global Energy ETF by 250.0% in the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of iShares Global Energy ETF in the third quarter worth approximately $30,000. AlphaCore Capital LLC lifted its stake in shares of iShares Global Energy ETF by 109.7% during the 4th quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock worth $31,000 after acquiring an additional 384 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new stake in shares of iShares Global Energy ETF during the 4th quarter worth approximately $31,000.

iShares Global Energy ETF Stock Down 0.9%

IXC opened at $53.62 on Friday. The business has a fifty day moving average of $52.60 and a 200 day moving average of $52.76. The stock has a market cap of $2.76 billion, a P/E ratio of 13.85 and a beta of 0.35. iShares Global Energy ETF has a 52-week low of $39.46 and a 52-week high of $59.18.

iShares Global Energy ETF Profile

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.