The Manufacturers Life Insurance Company Takes Position in iShares Global Energy ETF $IXC

The Manufacturers Life Insurance Company acquired a new position in shares of iShares Global Energy ETF (NYSEARCA:IXC) during the first quarter, HoldingsChannel reports. The firm acquired 11,795 shares of the company’s stock, valued at approximately $680,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in iShares Global Energy ETF in the 1st quarter worth $269,917,000. Fisher Asset Management LLC increased its holdings in iShares Global Energy ETF by 8.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,729,493 shares of the company’s stock worth $617,608,000 after purchasing an additional 1,127,201 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Global Energy ETF by 4,521.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 394,266 shares of the company’s stock valued at $16,532,000 after purchasing an additional 385,735 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of iShares Global Energy ETF in the 3rd quarter valued at about $7,510,000. Finally, Morningstar Investment Management LLC acquired a new stake in shares of iShares Global Energy ETF in the 1st quarter valued at about $8,923,000.

iShares Global Energy ETF Price Performance

Shares of iShares Global Energy ETF stock opened at $55.99 on Friday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 13.85 and a beta of 0.35. The stock’s 50-day moving average is $52.67 and its 200-day moving average is $53.13. iShares Global Energy ETF has a one year low of $39.67 and a one year high of $59.18.

iShares Global Energy ETF Profile

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.