iShares Global Energy ETF (NYSEARCA:IXC) Sees Strong Trading Volume – Time to Buy?

iShares Global Energy ETF (NYSEARCA:IXC) saw an uptick in trading volume on Tuesday. Approximately 2,949,799 shares were traded during trading, an increase of 229% from the average daily volume of 897,886 shares. The stock last traded at $61.3310 and had previously closed at $61.78.

iShares Global Energy ETF Price Performance

The firm’s 50-day moving average price is $59.84 and its 200-day moving average price is $54.87. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 13.85 and a beta of 0.37.

Institutional Trading of iShares Global Energy ETF

Institutional investors have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. purchased a new position in shares of iShares Global Energy ETF during the 3rd quarter valued at approximately $397,000. Brighton Jones LLC acquired a new stake in shares of iShares Global Energy ETF during the third quarter worth approximately $540,000. StoneX Group Inc. acquired a new stake in shares of iShares Global Energy ETF during the third quarter worth approximately $391,000. Pictet Asset Management Holding SA acquired a new stake in shares of iShares Global Energy ETF during the third quarter worth approximately $42,671,000. Finally, United Advisor Group LLC bought a new stake in shares of iShares Global Energy ETF in the third quarter worth $342,000.

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