iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 52-Week High – Here’s Why

iShares Global Energy ETF (NYSEARCA:IXC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.47 and last traded at $60.3850, with a volume of 158318 shares changing hands. The stock had previously closed at $59.30.

iShares Global Energy ETF Trading Down 2.8%

The company has a market capitalization of $3.03 billion, a PE ratio of 13.85 and a beta of 0.36. The stock’s 50-day moving average is $56.21 and its two-hundred day moving average is $54.71.

Institutional Investors Weigh In On iShares Global Energy ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in iShares Global Energy ETF by 6.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 24,730 shares of the company’s stock valued at $1,215,000 after acquiring an additional 1,440 shares during the period. NewEdge Advisors LLC increased its stake in iShares Global Energy ETF by 2.4% in the second quarter. NewEdge Advisors LLC now owns 14,283 shares of the company’s stock worth $702,000 after purchasing an additional 338 shares during the period. Squarepoint Ops LLC bought a new stake in shares of iShares Global Energy ETF during the second quarter worth $1,541,000. Baird Financial Group Inc. lifted its position in shares of iShares Global Energy ETF by 9.9% during the second quarter. Baird Financial Group Inc. now owns 6,220 shares of the company’s stock worth $306,000 after purchasing an additional 562 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of iShares Global Energy ETF during the second quarter valued at $235,000.

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.