Truist Financial Corp Boosts Stake in iShares Global Energy ETF (NYSEARCA:IXC)

Truist Financial Corp raised its position in iShares Global Energy ETF (NYSEARCA:IXC) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,698 shares of the company’s stock after purchasing an additional 17,901 shares during the quarter. Truist Financial Corp’s holdings in iShares Global Energy ETF were worth $2,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SYM FINANCIAL Corp acquired a new stake in iShares Global Energy ETF in the 3rd quarter valued at $26,000. Bourgeon Capital Management LLC purchased a new stake in shares of iShares Global Energy ETF in the third quarter worth about $40,000. Northwest Capital Management Inc purchased a new stake in shares of iShares Global Energy ETF during the 4th quarter valued at about $46,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Global Energy ETF during the fourth quarter valued at approximately $54,000. Finally, New Millennium Group LLC raised its position in shares of iShares Global Energy ETF by 54.2% in the 4th quarter. New Millennium Group LLC now owns 1,712 shares of the company’s stock valued at $67,000 after purchasing an additional 602 shares in the last quarter.

iShares Global Energy ETF Stock Performance

IXC opened at $43.25 on Thursday. The company has a 50-day moving average of $42.62 and a 200-day moving average of $40.37. iShares Global Energy ETF has a 1-year low of $35.38 and a 1-year high of $45.22. The company has a market capitalization of $3.56 billion, a P/E ratio of 7.86 and a beta of 0.52.

iShares Global Energy ETF Company 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.