iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 12-Month High – Here’s Why

Shares of iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week high during trading on Tuesday . The company traded as high as $59.18 and last traded at $59.11, with a volume of 261033 shares. The stock had previously closed at $58.18.

iShares Global Energy ETF Stock Performance

The firm’s fifty day moving average is $53.92 and its 200-day moving average is $53.96. The company has a market capitalization of $3.05 billion, a P/E ratio of 13.85 and a beta of 0.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IXC. Fisher Asset Management LLC grew its position in iShares Global Energy ETF by 8.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock worth $617,608,000 after acquiring an additional 1,127,201 shares during the last quarter. Hsbc Holdings PLC bought a new position in iShares Global Energy ETF in the first quarter valued at about $269,917,000. UBS Group AG boosted its stake in shares of iShares Global Energy ETF by 11.6% during the fourth quarter. UBS Group AG now owns 499,935 shares of the company’s stock valued at $20,962,000 after purchasing an additional 51,793 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of iShares Global Energy ETF by 2.4% during the second quarter. Versant Capital Management Inc now owns 497,916 shares of the company’s stock worth $24,463,000 after purchasing an additional 11,463 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of iShares Global Energy ETF by 11.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 448,292 shares of the company’s stock worth $18,797,000 after purchasing an additional 44,921 shares during the last quarter.

iShares Global Energy ETF Company 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.