Townsend & Associates Inc Invests $201,000 in iShares Global Energy ETF $IXC

Townsend & Associates Inc bought a new position in shares of iShares Global Energy ETF (NYSEARCA:IXC) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,992 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of iShares Global Energy ETF by 1.9% during the second quarter. Farther Finance Advisors LLC now owns 13,602 shares of the company’s stock worth $534,000 after acquiring an additional 248 shares during the last quarter. Arcus Capital Partners LLC grew its position in iShares Global Energy ETF by 4.6% during the 1st quarter. Arcus Capital Partners LLC now owns 8,203 shares of the company’s stock worth $345,000 after purchasing an additional 359 shares during the last quarter. Rathbones Group PLC increased its stake in iShares Global Energy ETF by 2.9% during the 1st quarter. Rathbones Group PLC now owns 15,046 shares of the company’s stock valued at $633,000 after purchasing an additional 419 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Global Energy ETF by 2.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 17,478 shares of the company’s stock worth $735,000 after buying an additional 423 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of iShares Global Energy ETF by 11.7% during the first quarter. Principal Securities Inc. now owns 4,736 shares of the company’s stock valued at $199,000 after buying an additional 497 shares during the last quarter.

iShares Global Energy ETF Price Performance

NYSEARCA IXC opened at $40.53 on Monday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 13.85 and a beta of 1.13. The stock’s fifty day moving average price is $41.20 and its 200 day moving average price is $39.61. iShares Global Energy ETF has a 1 year low of $33.89 and a 1 year high of $43.29.

iShares Global Energy ETF 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.