Alpha Financial Partners LLC Makes New $2.16 Million Investment in iShares Global Energy ETF $IXC

Alpha Financial Partners LLC bought a new stake in shares of iShares Global Energy ETF (NYSEARCA:IXC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,418 shares of the company’s stock, valued at approximately $2,156,000. iShares Global Energy ETF accounts for approximately 1.3% of Alpha Financial Partners LLC’s investment portfolio, making the stock its 15th largest holding. Alpha Financial Partners LLC owned 0.08% of iShares Global Energy ETF as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC grew its position in shares of iShares Global Energy ETF by 200.0% during the 4th 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 lifted its holdings in iShares Global Energy ETF by 250.0% in the fourth quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Global Energy ETF in the fourth quarter valued at approximately $30,000. Pin Oak Investment Advisors Inc. bought a new position in iShares Global Energy ETF in the third quarter valued at approximately $30,000. Finally, AlphaCore Capital LLC boosted its stake in iShares Global Energy ETF by 109.7% in the fourth quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock valued at $31,000 after acquiring an additional 384 shares during the last quarter.

iShares Global Energy ETF Stock Performance

IXC opened at $54.29 on Wednesday. The company has a fifty day moving average price of $52.81 and a two-hundred day moving average price of $51.76. iShares Global Energy ETF has a 52 week low of $39.45 and a 52 week high of $59.18. The firm has a market capitalization of $2.65 billion, a PE ratio of 13.85 and a beta of 0.35.

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