iShares Global Energy ETF (NYSEARCA:IXC) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Global Energy ETF (NYSEARCA:IXC) saw strong trading volume on Tuesday . 1,848,832 shares were traded during trading, an increase of 254% from the previous session’s volume of 522,530 shares.The stock last traded at $47.15 and had previously closed at $47.40.

iShares Global Energy ETF Stock Up 2.0%

The firm’s 50 day moving average is $43.24 and its two-hundred day moving average is $41.96. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in iShares Global Energy ETF in the 3rd quarter worth about $990,000. Client 1ST Advisory Group LLC grew its stake in shares of iShares Global Energy ETF by 26.8% in the third quarter. Client 1ST Advisory Group LLC now owns 74,398 shares of the company’s stock worth $3,106,000 after purchasing an additional 15,715 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of iShares Global Energy ETF by 3.7% during the second quarter. Avantax Advisory Services Inc. now owns 110,300 shares of the company’s stock valued at $4,334,000 after purchasing an additional 3,947 shares during the period. TD Waterhouse Canada Inc. increased its stake in iShares Global Energy ETF by 5.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,865 shares of the company’s stock valued at $1,614,000 after buying an additional 2,013 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of iShares Global Energy ETF by 14.9% in the 2nd quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock worth $492,460,000 after acquiring an additional 1,624,618 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.