iShares Global Energy ETF (NYSEARCA:IXC) Hits New 52-Week High – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $60.91 and last traded at $60.8710, with a volume of 41,773 shares trading hands. The stock had previously closed at $59.88.

iShares Global Energy ETF Stock Up 1.7%

The business has a fifty day moving average of $57.98 and a 200 day moving average of $55.31. The company has a market cap of $3.23 billion, a P/E ratio of 13.85 and a beta of 0.40.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new position in iShares Global Energy ETF in the first quarter worth $33,000. CX Institutional purchased a new position in iShares Global Energy ETF during the third quarter valued at $34,000. Parallel Advisors LLC lifted 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 valued at $36,000 after buying an additional 215 shares during the period. Scarborough Advisors LLC bought a new stake in shares of iShares Global Energy ETF during the 1st quarter valued at $40,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares Global Energy ETF by 54.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 696 shares of the company’s stock valued at $40,000 after buying an additional 245 shares in the last quarter.

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.