Raymond James & Associates Buys 7,061 Shares of iShares Global Energy ETF (NYSEARCA:IXC)

Raymond James & Associates increased its stake in iShares Global Energy ETF (NYSEARCA:IXC) by 24.4% during the 4th quarter, Holdings Channel reports. The firm owned 35,992 shares of the company’s stock after purchasing an additional 7,061 shares during the quarter. Raymond James & Associates’ holdings in iShares Global Energy ETF were worth $1,408,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IXC. Jane Street Group LLC raised its stake in shares of iShares Global Energy ETF by 119.1% during the fourth quarter. Jane Street Group LLC now owns 1,137,796 shares of the company’s stock worth $44,363,000 after acquiring an additional 618,512 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of iShares Global Energy ETF during the third quarter worth approximately $15,547,000. Royal Bank of Canada raised its stake in shares of iShares Global Energy ETF by 35.9% during the first quarter. Royal Bank of Canada now owns 1,220,678 shares of the company’s stock worth $44,129,000 after acquiring an additional 322,683 shares in the last quarter. Cambria Investment Management L.P. purchased a new position in shares of iShares Global Energy ETF during the third quarter worth approximately $11,982,000. Finally, Wealthsource Partners LLC purchased a new position in shares of iShares Global Energy ETF during the fourth quarter worth approximately $8,733,000.

iShares Global Energy ETF Stock Performance

Shares of iShares Global Energy ETF stock opened at $43.61 on Friday. iShares Global Energy ETF has a 52-week low of $35.38 and a 52-week high of $45.22. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.03 and a beta of 0.52. The company’s 50 day moving average price is $41.57 and its 200-day moving average price is $40.13.

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.