iShares Global Energy ETF (NYSEARCA:IXC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Global Energy ETF (NYSEARCA:IXC) saw unusually-high trading volume on Friday . Approximately 2,602,022 shares traded hands during trading, an increase of 228% from the previous session’s volume of 793,907 shares.The stock last traded at $55.71 and had previously closed at $55.99.

iShares Global Energy ETF Price Performance

The company has a market capitalization of $2.56 billion, a P/E ratio of 13.85 and a beta of 0.69. The company has a 50 day moving average of $49.28 and a 200-day moving average of $44.49.

Hedge Funds Weigh In On iShares Global Energy ETF

Several hedge funds have recently made changes to their positions in IXC. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares Global Energy ETF in the third quarter worth $990,000. Client 1ST Advisory Group LLC increased its position in iShares Global Energy ETF by 26.8% during the 3rd quarter. Client 1ST Advisory Group LLC now owns 74,398 shares of the company’s stock valued at $3,106,000 after purchasing an additional 15,715 shares during the period. TD Waterhouse Canada Inc. raised its holdings in iShares Global Energy ETF by 5.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,865 shares of the company’s stock worth $1,614,000 after purchasing an additional 2,013 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of iShares Global Energy ETF by 3.7% in the 2nd quarter. Avantax Advisory Services Inc. now owns 110,300 shares of the company’s stock worth $4,334,000 after purchasing an additional 3,947 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of iShares Global Energy ETF by 14.9% in the 2nd quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock worth $492,460,000 after purchasing an additional 1,624,618 shares during the period.

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.