iShares Global Energy ETF (NYSEARCA:IXC) Hits New 52-Week High – Should You Buy?

Shares of iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.18 and last traded at $59.08, with a volume of 24189 shares changing hands. The stock had previously closed at $58.13.

iShares Global Energy ETF Stock Down 0.2%

The company has a market capitalization of $3.01 billion, a PE ratio of 13.85 and a beta of 0.35. The stock has a 50-day moving average of $53.10 and a 200 day moving average of $53.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cerity Partners LLC increased its position in shares of iShares Global Energy ETF by 1.6% during the 4th quarter. Cerity Partners LLC now owns 12,721 shares of the company’s stock valued at $533,000 after purchasing an additional 198 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of iShares Global Energy ETF by 51.9% in the 1st quarter. Parallel Advisors LLC now owns 629 shares of the company’s stock worth $36,000 after buying an additional 215 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of 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 worth $1,376,000 after buying an additional 240 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares Global Energy ETF by 54.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 696 shares of the company’s stock worth $40,000 after buying an additional 245 shares during the last quarter. Finally, Pines Wealth Management LLC grew its position in iShares Global Energy ETF by 5.8% during the fourth quarter. Pines Wealth Management LLC now owns 5,322 shares of the company’s stock valued at $223,000 after buying an additional 291 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.