Pictet Asset Management Holding SA Acquires New Position in iShares Global Energy ETF $IXC

Pictet Asset Management Holding SA acquired a new stake in iShares Global Energy ETF (NYSEARCA:IXC) during the third quarter, HoldingsChannel reports. The fund acquired 749,225 shares of the company’s stock, valued at approximately $42,671,000.

Other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in iShares Global Energy ETF during the first quarter worth $269,917,000. Evergreen Capital Management LLC acquired a new position in shares of iShares Global Energy ETF in the third quarter valued at $36,567,000. Commonwealth Equity Services LLC bought a new position in shares of iShares Global Energy ETF in the third quarter valued at about $9,239,000. Morningstar Investment Management LLC bought a new position in shares of iShares Global Energy ETF in the first quarter valued at about $8,923,000. Finally, Sigma Planning Corp bought a new position in shares of iShares Global Energy ETF in the third quarter valued at about $8,536,000.

iShares Global Energy ETF Stock Performance

NYSEARCA IXC opened at $57.22 on Wednesday. The firm has a 50-day moving average of $59.83 and a 200-day moving average of $55.05. The stock has a market cap of $2.98 billion, a PE ratio of 13.85 and a beta of 0.37. iShares Global Energy ETF has a 52-week low of $40.55 and a 52-week high of $64.34.

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.