NewEdge Advisors LLC Lowers Stock Position in iShares Global Energy ETF (NYSEARCA:IXC)

NewEdge Advisors LLC trimmed its position in iShares Global Energy ETF (NYSEARCA:IXC) by 37.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 161,012 shares of the company’s stock after selling 96,958 shares during the period. NewEdge Advisors LLC owned about 0.20% of iShares Global Energy ETF worth $6,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in shares of iShares Global Energy ETF during the fourth quarter valued at approximately $25,000. Zions Bancorporation N.A. bought a new stake in shares of iShares Global Energy ETF during the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Global Energy ETF in the 2nd quarter worth about $37,000. New Republic Capital LLC grew its position in iShares Global Energy ETF by 30.9% during the first quarter. New Republic Capital LLC now owns 1,340 shares of the company’s stock valued at $58,000 after buying an additional 316 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in iShares Global Energy ETF by 33.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,540 shares of the company’s stock worth $66,000 after buying an additional 390 shares during the last quarter.

iShares Global Energy ETF Price Performance

Shares of IXC opened at $41.34 on Wednesday. The firm has a market cap of $3.40 billion, a PE ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a 1 year low of $37.02 and a 1 year high of $45.22. The stock’s fifty day moving average price is $40.85 and its two-hundred day moving average price is $41.95.

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.