Cambridge Investment Research Advisors Inc. Decreases Stake in iShares Global Energy ETF (NYSEARCA:IXC)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 38.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,554 shares of the company’s stock after selling 63,147 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.12% of iShares Global Energy ETF worth $4,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in iShares Global Energy ETF by 12,125.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,339,573 shares of the company’s stock valued at $287,051,000 after purchasing an additional 7,279,539 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of iShares Global Energy ETF in the fourth quarter worth about $1,099,000. Assetmark Inc. purchased a new position in iShares Global Energy ETF during the fourth quarter valued at approximately $679,000. Raleigh Capital Management Inc. bought a new stake in iShares Global Energy ETF during the fourth quarter valued at about $113,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of iShares Global Energy ETF by 5.5% in the fourth quarter. Fisher Asset Management LLC now owns 4,788,873 shares of the company’s stock worth $187,293,000 after buying an additional 247,674 shares in the last quarter.

iShares Global Energy ETF Stock Up 0.8 %

iShares Global Energy ETF stock opened at $42.02 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a 52-week low of $37.02 and a 52-week high of $45.22. The firm’s fifty day moving average is $41.38 and its 200 day moving average is $41.83.

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.