iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – Here’s Why

iShares Global Energy ETF (NYSEARCA:IXC) shares hit a new 52-week high during trading on Thursday . The company traded as high as $51.04 and last traded at $51.0410, with a volume of 46870 shares traded. The stock had previously closed at $50.38.

iShares Global Energy ETF Stock Performance

The stock has a 50-day moving average of $44.78 and a two-hundred day moving average of $42.72. The company has a market cap of $2.32 billion, a P/E ratio of 13.85 and a beta of 0.69.

Hedge Funds Weigh In On iShares Global Energy ETF

Hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in iShares Global Energy ETF by 8.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock worth $617,608,000 after buying an additional 1,127,201 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in iShares Global Energy ETF by 1.2% in the 4th quarter. Evergreen Capital Management LLC now owns 624,706 shares of the company’s stock worth $26,194,000 after acquiring an additional 7,691 shares during the last quarter. Verger Capital Management LLC lifted its position in iShares Global Energy ETF by 12.6% in the 4th quarter. Verger Capital Management LLC now owns 575,775 shares of the company’s stock valued at $24,142,000 after acquiring an additional 64,282 shares in the last quarter. UBS Group AG lifted its position in iShares Global Energy ETF by 11.6% in the 4th quarter. UBS Group AG now owns 499,935 shares of the company’s stock valued at $20,962,000 after acquiring an additional 51,793 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in iShares Global Energy ETF by 11.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 448,292 shares of the company’s stock valued at $18,797,000 after purchasing an additional 44,921 shares during the last quarter.

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.