iShares Global Energy ETF (NYSEARCA:IXC) Hits New 12-Month High – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.18 and last traded at $59.08, with a volume of 24189 shares trading hands. The stock had previously closed at $58.13.

iShares Global Energy ETF Price Performance

The company has a market cap of $3.03 billion, a P/E ratio of 13.85 and a beta of 0.35. The business has a 50-day moving average of $52.93 and a two-hundred day moving average of $53.44.

Hedge Funds Weigh In On iShares Global Energy ETF

Institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC increased its holdings in shares of iShares Global Energy ETF by 200.0% in the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Group One Trading LLC grew its stake in shares of iShares Global Energy ETF by 250.0% in the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of iShares Global Energy ETF during the third quarter valued at about $30,000. AlphaCore Capital LLC increased its position in shares of iShares Global Energy ETF by 109.7% in the 4th quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock worth $31,000 after purchasing an additional 384 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new stake in shares of iShares Global Energy ETF in the 4th quarter valued at approximately $31,000.

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.