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

Shares of iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $49.51 and last traded at $49.47, with a volume of 242683 shares traded. The stock had previously closed at $48.91.

iShares Global Energy ETF Price Performance

The company has a fifty day moving average of $44.24 and a two-hundred day moving average of $42.44. The stock has a market capitalization of $2.26 billion, a P/E ratio of 13.85 and a beta of 0.69.

Institutional Investors Weigh In On iShares Global Energy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC increased its stake in iShares Global Energy ETF by 200.0% during the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Group One Trading LLC boosted its holdings in shares of iShares Global Energy ETF by 250.0% in the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Global Energy ETF in the 4th quarter valued at about $30,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of iShares Global Energy ETF during the 3rd quarter valued at about $30,000. Finally, AlphaCore Capital LLC raised its stake in iShares Global Energy ETF by 109.7% during the fourth quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock worth $31,000 after acquiring an additional 384 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.