iShares Global Energy ETF $IXC Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in iShares Global Energy ETF (NYSEARCA:IXC) by 4,521.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 394,266 shares of the company’s stock after buying an additional 385,735 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Global Energy ETF were worth $16,532,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Global Energy ETF in the fourth quarter valued at $30,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares Global Energy ETF during the third quarter valued at about $30,000. Dunhill Financial LLC bought a new stake in shares of iShares Global Energy ETF during the fourth quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of iShares Global Energy ETF during the third quarter valued at about $38,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of iShares Global Energy ETF during the fourth quarter valued at about $41,000.

iShares Global Energy ETF Stock Down 2.2%

Shares of NYSEARCA IXC opened at $56.38 on Thursday. iShares Global Energy ETF has a fifty-two week low of $37.46 and a fifty-two week high of $59.18. The firm’s 50-day simple moving average is $55.23 and its 200 day simple moving average is $48.66. The stock has a market cap of $2.74 billion, a P/E ratio of 13.85 and a beta of 0.37.

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.