iShares Global Energy ETF (NYSEARCA:IXC) Hits New 1-Year High – Should You Buy?

by · The Cerbat Gem

iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $43.69 and last traded at $43.5910, with a volume of 29403 shares traded. The stock had previously closed at $43.51.

iShares Global Energy ETF Price Performance

The firm has a fifty day moving average of $41.99 and a 200 day moving average of $40.77. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Investors Weigh In On iShares Global Energy ETF

A number of institutional investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. acquired a new position in iShares Global Energy ETF during the 3rd quarter worth about $30,000. Advisory Services Network LLC acquired a new position in shares of iShares Global Energy ETF in the third quarter valued at approximately $38,000. Fortitude Family Office LLC purchased a new position in iShares Global Energy ETF in the 3rd quarter valued at approximately $40,000. SouthState Corp acquired a new stake in shares of iShares Global Energy ETF in the first quarter valued at $49,000. Finally, Sound Income Strategies LLC boosted its holdings in iShares Global Energy ETF by 2,153.8% in the second quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock valued at $69,000 after purchasing an additional 1,680 shares during the period.

About iShares Global Energy ETF

(Get Free Report)

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.

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