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

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $60.47 and last traded at $60.3850, with a volume of 158318 shares changing hands. The stock had previously closed at $59.30.

iShares Global Energy ETF Stock Up 1.9%

The business has a 50-day simple moving average of $55.87 and a 200-day simple moving average of $54.58. The company has a market cap of $3.11 billion, a PE ratio of 13.85 and a beta of 0.36.

Institutional Investors Weigh In On iShares Global Energy ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in iShares Global Energy ETF by 6.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 24,730 shares of the company’s stock valued at $1,215,000 after acquiring an additional 1,440 shares during the period. NewEdge Advisors LLC increased its stake in iShares Global Energy ETF by 2.4% during the second quarter. NewEdge Advisors LLC now owns 14,283 shares of the company’s stock worth $702,000 after purchasing an additional 338 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of iShares Global Energy ETF during the second quarter worth about $1,541,000. Baird Financial Group Inc. lifted its position in shares of iShares Global Energy ETF by 9.9% during the second quarter. Baird Financial Group Inc. now owns 6,220 shares of the company’s stock worth $306,000 after purchasing an additional 562 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of iShares Global Energy ETF in the second quarter valued at approximately $235,000.

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.