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

iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high on Wednesday . The company traded as high as $48.66 and last traded at $48.4080, with a volume of 135344 shares. The stock had previously closed at $48.03.

iShares Global Energy ETF Stock Performance

The stock has a market cap of $2.20 billion, a P/E ratio of 13.85 and a beta of 0.69. The stock has a 50-day moving average price of $43.36 and a 200-day moving average price of $42.02.

Hedge Funds Weigh In On iShares Global Energy ETF

A number of institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its position in iShares Global Energy ETF by 8.5% in the third quarter. Fisher Asset Management LLC now owns 13,602,292 shares of the company’s stock worth $567,896,000 after acquiring an additional 1,068,318 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in iShares Global Energy ETF by 1.2% during the fourth quarter. Evergreen Capital Management LLC now owns 624,706 shares of the company’s stock worth $26,194,000 after purchasing an additional 7,691 shares during the last quarter. Verger Capital Management LLC boosted its holdings in shares of iShares Global Energy ETF by 12.6% in the 4th quarter. Verger Capital Management LLC now owns 575,775 shares of the company’s stock worth $24,142,000 after purchasing an additional 64,282 shares in the last quarter. UBS Group AG increased its position in shares of iShares Global Energy ETF by 11.6% during the 4th quarter. UBS Group AG now owns 499,935 shares of the company’s stock valued at $20,962,000 after purchasing an additional 51,793 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in iShares Global Energy ETF by 1.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 403,371 shares of the company’s stock worth $16,841,000 after buying an additional 5,910 shares during 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.