iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 901,823 shares traded hands during trading, a decline of 9% from the previous session’s volume of 994,797 shares.The stock last traded at $55.91 and had previously closed at $56.15.
iShares Global Energy ETF Trading Down 2.1%
The stock’s fifty day simple moving average is $55.42 and its 200 day simple moving average is $48.97. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 13.85 and a beta of 0.37.
Hedge Funds Weigh In On iShares Global Energy ETF
Institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake in shares of iShares Global Energy ETF by 200.0% in the 4th quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. Group One Trading LLC grew its holdings in shares of iShares Global Energy ETF by 250.0% in the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Global Energy ETF during the fourth quarter worth about $30,000. Pin Oak Investment Advisors Inc. purchased a new position in iShares Global Energy ETF during the third quarter worth about $30,000. Finally, AlphaCore Capital LLC grew its stake in shares of iShares Global Energy ETF by 109.7% in the 4th quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock valued at $31,000 after buying an additional 384 shares during the period.
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.
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