iShares Global Energy ETF (NYSEARCA:IXC) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Global Energy ETF (NYSEARCA:IXC) saw unusually-high trading volume on Tuesday . Approximately 934,795 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 424,215 shares.The stock last traded at $41.04 and had previously closed at $41.12.

iShares Global Energy ETF Stock Down 0.3 %

The firm has a market cap of $3.37 billion, a P/E ratio of 7.86 and a beta of 0.52. The firm’s fifty day moving average is $40.17 and its two-hundred day moving average is $40.83.

Hedge Funds Weigh In On iShares Global Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of IXC. Erste Asset Management GmbH purchased a new position in iShares Global Energy ETF during the third quarter valued at $32,000. Bristlecone Advisors LLC purchased a new position in iShares Global Energy ETF during the third quarter valued at $57,000. Winch Advisory Services LLC boosted its holdings in iShares Global Energy ETF by 776.9% in the fourth quarter. Winch Advisory Services LLC now owns 1,482 shares of the company’s stock worth $57,000 after acquiring an additional 1,313 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of iShares Global Energy ETF by 629.4% in the second quarter. Sunbelt Securities Inc. now owns 2,254 shares of the company’s stock worth $94,000 after acquiring an additional 1,945 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Global Energy ETF by 75.5% during the fourth quarter. Fifth Third Bancorp now owns 2,991 shares of the company’s stock valued at $114,000 after acquiring an additional 1,287 shares in the last quarter.

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.