Wells Fargo & Company MN Reduces Stake in iShares Global Energy ETF (NYSEARCA:IXC)

Wells Fargo & Company MN reduced its stake in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,417 shares of the company’s stock after selling 82,030 shares during the quarter. Wells Fargo & Company MN owned about 0.43% of iShares Global Energy ETF worth $13,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IXC. Fisher Asset Management LLC raised its position in iShares Global Energy ETF by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,131,253 shares of the company’s stock worth $386,811,000 after purchasing an additional 298,815 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares Global Energy ETF by 44.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,425,674 shares of the company’s stock valued at $54,432,000 after buying an additional 437,984 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of iShares Global Energy ETF in the fourth quarter worth approximately $35,969,000. LPL Financial LLC lifted its stake in shares of iShares Global Energy ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 770,803 shares of the company’s stock worth $29,429,000 after acquiring an additional 67,886 shares during the last quarter. Finally, Verger Capital Management LLC boosted its holdings in iShares Global Energy ETF by 4.9% during the 4th quarter. Verger Capital Management LLC now owns 379,735 shares of the company’s stock valued at $14,498,000 after acquiring an additional 17,857 shares during the period.

iShares Global Energy ETF Stock Down 0.1 %

IXC stock opened at $36.20 on Wednesday. iShares Global Energy ETF has a twelve month low of $33.89 and a twelve month high of $44.46. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.91 and a beta of 0.74. The business’s fifty day simple moving average is $39.51 and its two-hundred day simple moving average is $40.21.

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.