iShares Global Energy ETF (NYSEARCA:IXC) Sees Strong Trading Volume – Here’s What Happened

iShares Global Energy ETF (NYSEARCA:IXC) shares saw unusually-strong trading volume on Thursday . Approximately 2,696,123 shares traded hands during trading, an increase of 396% from the previous session’s volume of 543,673 shares.The stock last traded at $39.83 and had previously closed at $39.75.

iShares Global Energy ETF Trading Down 0.1 %

The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.45 and a beta of 1.01. The firm’s fifty day moving average is $39.54 and its 200-day moving average is $40.60.

Hedge Funds Weigh In On iShares Global Energy ETF

Several institutional investors have recently bought and sold shares of IXC. Fisher Asset Management LLC boosted its holdings in iShares Global Energy ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 10,131,253 shares of the company’s stock valued at $386,811,000 after acquiring an additional 298,815 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Global Energy ETF by 44.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,425,674 shares of the company’s stock valued at $54,432,000 after buying an additional 437,984 shares during the period. Envestnet Asset Management Inc. boosted its stake in iShares Global Energy ETF by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 958,038 shares of the company’s stock valued at $36,578,000 after acquiring an additional 69,793 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in iShares Global Energy ETF during the 4th quarter worth $35,969,000. Finally, Focus Partners Wealth raised its position in shares of iShares Global Energy ETF by 210.3% during the 4th quarter. Focus Partners Wealth now owns 901,237 shares of the company’s stock valued at $34,409,000 after acquiring an additional 610,786 shares during the last quarter.

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.