iShares Global Energy ETF (NYSEARCA:IXC) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in iShares Global Energy ETF (NYSEARCA:IXC) by 3.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,445 shares of the company’s stock after selling 467 shares during the period. Kovack Advisors Inc.’s holdings in iShares Global Energy ETF were worth $544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IXC. Zions Bancorporation N.A. bought a new position in shares of iShares Global Energy ETF in the second quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Global Energy ETF in the 2nd quarter valued at $37,000. Bristlecone Advisors LLC purchased a new position in iShares Global Energy ETF in the 3rd quarter worth about $57,000. New Millennium Group LLC purchased a new position in iShares Global Energy ETF in the 2nd quarter worth about $68,000. Finally, ORG Partners LLC acquired a new stake in iShares Global Energy ETF during the 2nd quarter worth about $71,000.

iShares Global Energy ETF Price Performance

Shares of IXC opened at $42.10 on Friday. The company has a 50-day moving average of $41.03 and a two-hundred day moving average of $41.55. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a one year low of $37.02 and a one year high of $45.22.

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.