iShares Global Energy ETF (NYSEARCA:IXC) Sees Unusually-High Trading Volume – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC) saw an uptick in trading volume on Friday . 2,602,022 shares traded hands during mid-day trading, an increase of 228% from the previous session’s volume of 793,907 shares.The stock last traded at $55.71 and had previously closed at $55.99.

iShares Global Energy ETF Stock Down 0.6%

The firm has a 50 day moving average price of $49.54 and a 200 day moving average price of $44.60. The stock has a market cap of $2.53 billion, a PE ratio of 13.85 and a beta of 0.69.

Hedge Funds Weigh In On iShares Global Energy ETF

Several institutional investors have recently bought and sold shares of IXC. Manchester Capital Management LLC lifted its holdings in iShares Global Energy ETF by 200.0% during the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock worth $25,000 after buying an additional 400 shares during the period. Group One Trading LLC raised its position in shares of iShares Global Energy ETF by 250.0% in the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Global Energy ETF in the 4th quarter worth $30,000. Clearstead Advisors LLC purchased a new stake in shares of iShares Global Energy ETF during the 4th quarter worth $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of iShares Global Energy ETF during the 3rd quarter worth $30,000.

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. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.