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

iShares Global Energy ETF (NYSEARCA:IXC)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $36.48 and last traded at $37.17, with a volume of 464826 shares changing hands. The stock had previously closed at $39.73.

iShares Global Energy ETF Trading Down 8.5 %

The firm has a 50-day simple moving average of $40.19 and a two-hundred day simple moving average of $40.50. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.91 and a beta of 0.74.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IXC. Atomi Financial Group Inc. acquired a new stake in shares of iShares Global Energy ETF during the 4th quarter valued at about $234,000. Bank of New York Mellon Corp grew its holdings in iShares Global Energy ETF by 14.1% in the fourth quarter. Bank of New York Mellon Corp now owns 9,033 shares of the company’s stock valued at $345,000 after purchasing an additional 1,116 shares during the period. Fisher Asset Management LLC increased its position in shares of 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 buying an additional 298,815 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of iShares Global Energy ETF by 75.5% during the 4th quarter. Fifth Third Bancorp now owns 2,991 shares of the company’s stock valued at $114,000 after buying an additional 1,287 shares in the last quarter. Finally, IMG Wealth Management Inc. acquired a new stake in iShares Global Energy ETF in the 4th quarter valued at $40,000.

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.