iShares Global Energy ETF (NYSEARCA:IXC) Sets New 1-Year Low – Here’s Why

Shares of iShares Global Energy ETF (NYSEARCA:IXC) reached a new 52-week low on Thursday . The company traded as low as $36.97 and last traded at $37.03, with a volume of 783829 shares trading hands. The stock had previously closed at $37.10.

iShares Global Energy ETF Stock Up 0.7 %

The business’s 50 day simple moving average is $41.10 and its 200 day simple moving average is $41.14. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Erste Asset Management GmbH bought a new stake in shares of iShares Global Energy ETF in the third quarter valued at approximately $32,000. Zions Bancorporation N.A. bought a new stake in shares of iShares Global Energy ETF during the 2nd quarter valued at about $33,000. Bristlecone Advisors LLC acquired a new stake in shares of iShares Global Energy ETF during the 3rd quarter worth approximately $57,000. New Millennium Group LLC acquired a new stake in shares of iShares Global Energy ETF during the 2nd quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. increased its stake in shares of iShares Global Energy ETF by 629.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,254 shares of the company’s stock valued at $94,000 after acquiring an additional 1,945 shares in the last quarter.

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.