M&T Bank Corp Makes New Investment in iShares Global Energy ETF (NYSEARCA:IXC)

M&T Bank Corp purchased a new stake in iShares Global Energy ETF (NYSEARCA:IXC) in the fourth quarter, HoldingsChannel reports. The firm purchased 53,976 shares of the company’s stock, valued at approximately $2,111,000.

A number of other hedge funds have also recently added to or reduced their stakes in IXC. SYM FINANCIAL Corp bought a new stake in shares of iShares Global Energy ETF during the 3rd quarter worth approximately $26,000. Bourgeon Capital Management LLC bought a new stake in iShares Global Energy ETF during the third quarter worth $40,000. Northwest Capital Management Inc acquired a new stake in shares of iShares Global Energy ETF in the 4th quarter valued at $46,000. Sound Income Strategies LLC acquired a new position in shares of iShares Global Energy ETF during the 4th quarter worth $54,000. Finally, New Millennium Group LLC boosted its stake in iShares Global Energy ETF by 54.2% in the fourth quarter. New Millennium Group LLC now owns 1,712 shares of the company’s stock valued at $67,000 after buying an additional 602 shares in the last quarter.

iShares Global Energy ETF Trading Up 1.3 %

Shares of NYSEARCA IXC opened at $43.80 on Friday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a 12 month low of $35.38 and a 12 month high of $45.22. The stock has a 50-day moving average price of $42.78 and a two-hundred day moving average price of $40.41.

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.