Shares of iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 2,949,799 shares changed hands during trading, an increase of 229% from the average daily volume of 897,886 shares. The stock last traded at $61.3310 and had previously closed at $61.78.
iShares Global Energy ETF Stock Down 0.7%
The firm has a 50 day moving average of $59.74 and a 200-day moving average of $54.64. The company has a market cap of $3.32 billion, a P/E ratio of 13.85 and a beta of 0.40.
Hedge Funds Weigh In On iShares Global Energy ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IXC. Legacy Wealth Managment LLC ID bought a new position in iShares Global Energy ETF in the second quarter worth approximately $425,000. Morningstar Investment Management LLC purchased a new stake in iShares Global Energy ETF during the first quarter worth $8,923,000. Sowell Financial Services LLC bought a new stake in iShares Global Energy ETF during the 3rd quarter valued at $702,000. Envestnet Portfolio Solutions Inc. boosted its position in iShares Global Energy ETF by 21.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 83,169 shares of the company’s stock valued at $4,085,000 after acquiring an additional 14,644 shares in the last quarter. Finally, Ayalon Insurance Comp Ltd. bought a new stake in iShares Global Energy ETF during the 3rd quarter valued at $6,123,000.
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.
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