iShares Global Energy ETF (NYSEARCA:IXC) Sees Large Volume Increase – What’s Next?

iShares Global Energy ETF (NYSEARCA:IXC) saw an uptick in trading volume on Wednesday. Approximately 942,212 shares were traded during trading, an increase of 3% from the previous session’s volume of 910,844 shares. The stock last traded at $61.8310 and had previously closed at $61.73.

iShares Global Energy ETF Stock Up 0.6%

The stock has a market capitalization of $3.25 billion, a PE ratio of 13.85 and a beta of 0.40. The firm has a 50 day moving average price of $57.98 and a 200-day moving average price of $55.31.

Hedge Funds Weigh In On iShares Global Energy ETF

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in iShares Global Energy ETF by 51.9% in the first quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock valued at $36,000 after acquiring an additional 215 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in iShares Global Energy ETF by 0.9% in the second quarter. Chesley Taft & Associates LLC now owns 28,012 shares of the company’s stock worth $1,376,000 after acquiring an additional 240 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of iShares Global Energy ETF by 54.3% during the first quarter. PNC Financial Services Group Inc. now owns 696 shares of the company’s stock worth $40,000 after purchasing an additional 245 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of iShares Global Energy ETF by 2.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,283 shares of the company’s stock worth $702,000 after acquiring an additional 338 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of iShares Global Energy ETF by 7.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,520 shares of the company’s stock valued at $273,000 after acquiring an additional 435 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.