Truist Financial Corp Trims Stake in iShares Global Energy ETF $IXC

Truist Financial Corp reduced its stake in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 46.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,788 shares of the company’s stock after selling 50,438 shares during the quarter. Truist Financial Corp owned 0.13% of iShares Global Energy ETF worth $2,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IXC. Signaturefd LLC raised its position in iShares Global Energy ETF by 5,970.0% during the first quarter. Signaturefd LLC now owns 607 shares of the company’s stock valued at $26,000 after acquiring an additional 597 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of iShares Global Energy ETF by 99.4% in the first quarter. Golden State Wealth Management LLC now owns 1,079 shares of the company’s stock valued at $46,000 after buying an additional 538 shares in the last quarter. SouthState Corp purchased a new stake in shares of iShares Global Energy ETF in the first quarter valued at approximately $49,000. Sound Income Strategies LLC increased its position in shares of iShares Global Energy ETF by 2,153.8% in the second quarter. Sound Income Strategies LLC now owns 1,758 shares of the company’s stock valued at $69,000 after buying an additional 1,680 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of iShares Global Energy ETF by 48.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,916 shares of the company’s stock valued at $81,000 after buying an additional 628 shares in the last quarter.

iShares Global Energy ETF Price Performance

iShares Global Energy ETF stock opened at $40.25 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 13.85 and a beta of 1.13. iShares Global Energy ETF has a 12 month low of $33.89 and a 12 month high of $43.29. The business has a 50 day simple moving average of $41.12 and a 200-day simple moving average of $39.68.

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.