iShares Global Energy ETF (NYSEARCA:IXC) Sets New 52-Week High – Still a Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $59.68 and last traded at $59.5310, with a volume of 27115 shares changing hands. The stock had previously closed at $58.41.

iShares Global Energy ETF Price Performance

The stock has a market capitalization of $3.06 billion, a PE ratio of 13.85 and a beta of 0.36. The stock’s 50 day moving average is $54.82 and its two-hundred day moving average is $54.27.

Institutional Investors Weigh In On iShares Global Energy ETF

Large investors have recently modified their holdings of the company. Cerity Partners LLC lifted its position in iShares Global Energy ETF by 1.6% during the 4th quarter. Cerity Partners LLC now owns 12,721 shares of the company’s stock worth $533,000 after acquiring an additional 198 shares during the period. Parallel Advisors LLC boosted its position in iShares Global Energy ETF by 51.9% during the first quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock worth $36,000 after acquiring an additional 215 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in iShares Global Energy ETF by 0.9% in the 2nd quarter. Chesley Taft & Associates LLC now owns 28,012 shares of the company’s stock valued at $1,376,000 after buying an additional 240 shares during the period. PNC Financial Services Group Inc. increased its position in iShares Global Energy ETF by 54.3% during the first quarter. PNC Financial Services Group Inc. now owns 696 shares of the company’s stock worth $40,000 after purchasing an additional 245 shares during the last quarter. Finally, AlphaCore Capital LLC grew its stake in shares of iShares Global Energy ETF by 109.7% during 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.