iShares Global Energy ETF (NYSEARCA:IXC) Sets New 52-Week High – Here’s Why

iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week high on Friday . The stock traded as high as $51.80 and last traded at $51.4280, with a volume of 333 shares traded. The stock had previously closed at $50.96.

iShares Global Energy ETF Price Performance

The firm’s fifty day moving average price is $46.08 and its 200-day moving average price is $43.27. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC raised its holdings in shares of iShares Global Energy ETF by 200.0% during the fourth quarter. Manchester Capital Management LLC now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Group One Trading LLC increased its position in iShares Global Energy ETF by 250.0% in the 4th quarter. Group One Trading LLC now owns 700 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Global Energy ETF in the 4th quarter valued at approximately $30,000. Pin Oak Investment Advisors Inc. bought a new stake in iShares Global Energy ETF during the 3rd quarter valued at $30,000. Finally, AlphaCore Capital LLC boosted its position in iShares Global Energy ETF by 109.7% during the 4th quarter. AlphaCore Capital LLC now owns 734 shares of the company’s stock worth $31,000 after acquiring an additional 384 shares during the period.

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.