Modern Wealth Management LLC Decreases Stock Position in iShares Global Energy ETF $IXC

Modern Wealth Management LLC cut its holdings in iShares Global Energy ETF (NYSEARCA:IXC) by 65.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,666 shares of the company’s stock after selling 86,617 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Global Energy ETF were worth $1,948,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings 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 purchasing an additional 1,624,618 shares in the last quarter. Verger Capital Management LLC raised its stake in shares of iShares Global Energy ETF by 11.6% in the third quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock worth $21,355,000 after purchasing an additional 53,064 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares Global Energy ETF by 20.6% during the second quarter. Cetera Investment Advisers now owns 253,826 shares of the company’s stock valued at $9,973,000 after purchasing an additional 43,310 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of iShares Global Energy ETF by 184.4% during the second quarter. Quadrature Capital Ltd now owns 65,831 shares of the company’s stock valued at $2,585,000 after purchasing an additional 42,685 shares in the last quarter. Finally, Guerra Advisors Inc purchased a new stake in shares of iShares Global Energy ETF during the third quarter valued at $1,282,000.

iShares Global Energy ETF Stock Performance

NYSEARCA IXC opened at $52.62 on Monday. iShares Global Energy ETF has a one year low of $33.89 and a one year high of $53.41. The stock has a 50-day moving average of $47.16 and a 200 day moving average of $43.73. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

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. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.