iShares Global Energy ETF (NYSEARCA:IXC) Reaches New 1-Year High – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC)’s share price hit a new 52-week high on Monday . The company traded as high as $43.62 and last traded at $43.52, with a volume of 408735 shares. The stock had previously closed at $42.96.

iShares Global Energy ETF Trading Up 0.5%

The company’s fifty day moving average is $41.76 and its 200-day moving average is $40.45. The firm has a market capitalization of $1.94 billion, a P/E ratio of 13.85 and a beta of 0.69.

Institutional Investors Weigh In On iShares Global Energy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IXC. Signaturefd LLC lifted its position in shares of iShares Global Energy ETF by 5,970.0% during the 1st quarter. Signaturefd LLC now owns 607 shares of the company’s stock worth $26,000 after purchasing an additional 597 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in iShares Global Energy ETF in the 1st quarter worth approximately $565,000. Pinnacle Associates Ltd. increased its position in iShares Global Energy ETF by 16.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 91,191 shares of the company’s stock worth $3,836,000 after buying an additional 13,050 shares during the period. First Heartland Consultants Inc. lifted its holdings in shares of iShares Global Energy ETF by 11.7% during the first quarter. First Heartland Consultants Inc. now owns 6,931 shares of the company’s stock worth $292,000 after buying an additional 728 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of iShares Global Energy ETF in the first quarter valued at approximately $210,000.

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.