iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 1-Year High – Should You Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s stock price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $64.14 and last traded at $63.3790, with a volume of 573,850 shares trading hands. The stock had previously closed at $63.88.

iShares Global Energy ETF Trading Down 0.0%

The stock’s fifty day moving average price is $59.15 and its 200-day moving average price is $55.62. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 13.85 and a beta of 0.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC purchased a new position in iShares Global Energy ETF in the 3rd quarter valued at $235,000. Sigma Planning Corp purchased a new position in shares of iShares Global Energy ETF during the 3rd quarter valued at approximately $8,536,000. Corecam Pte. Ltd. raised its stake in iShares Global Energy ETF by 18.3% during the third quarter. Corecam Pte. Ltd. now owns 6,410 shares of the company’s stock worth $365,000 after acquiring an additional 990 shares during the period. Citizens Financial Group Inc. RI bought a new position in iShares Global Energy ETF in the 3rd quarter worth approximately $307,000. Finally, Sowell Financial Services LLC acquired a new position in shares of iShares Global Energy ETF during the 3rd quarter valued at $702,000.

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.