iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.18 and last traded at $59.11, with a volume of 261033 shares changing hands. The stock had previously closed at $58.18.
iShares Global Energy ETF Stock Performance
The company has a market capitalization of $3.04 billion, a P/E ratio of 13.85 and a beta of 0.35. The company’s fifty day simple moving average is $54.28 and its 200-day simple moving average is $54.09.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in IXC. Ameritas Advisory Services LLC purchased a new stake in iShares Global Energy ETF in the second quarter valued at $235,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares Global Energy ETF in the second quarter valued at approximately $425,000. Concurrent Investment Advisors LLC grew its stake in shares of iShares Global Energy ETF by 36.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,979 shares of the company’s stock valued at $638,000 after buying an additional 3,486 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of iShares Global Energy ETF during the 2nd quarter worth $748,000. Finally, Solstein Capital LLC purchased a new stake in shares of iShares Global Energy ETF in the 2nd quarter valued at approximately $358,000.
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.
Further Reading
- Five stocks we like better than iShares Global Energy ETF
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for iShares Global Energy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Energy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
