Factor Wealth Management LTD Acquires 20,272 Shares of iShares Global Energy ETF $IXC

Factor Wealth Management LTD raised its holdings in iShares Global Energy ETF (NYSEARCA:IXC) by 27.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 94,559 shares of the company’s stock after acquiring an additional 20,272 shares during the quarter. Factor Wealth Management LTD’s holdings in iShares Global Energy ETF were worth $4,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IXC. Hsbc Holdings PLC acquired a new position in shares of iShares Global Energy ETF during the 1st quarter worth about $269,917,000. Fisher Asset Management LLC increased its position in shares of iShares Global Energy ETF by 8.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock valued at $617,608,000 after acquiring an additional 1,127,201 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Global Energy ETF by 4,521.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 394,266 shares of the company’s stock valued at $16,532,000 after acquiring an additional 385,735 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of iShares Global Energy ETF in the third quarter valued at about $7,510,000. Finally, Morningstar Investment Management LLC bought a new stake in iShares Global Energy ETF during the first quarter worth about $8,923,000.

iShares Global Energy ETF Stock Performance

IXC opened at $54.13 on Friday. The business’s 50-day simple moving average is $52.59 and its 200 day simple moving average is $52.75. iShares Global Energy ETF has a 52-week low of $39.46 and a 52-week high of $59.18. The firm has a market capitalization of $2.78 billion, a PE ratio of 13.85 and a beta of 0.35.

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.