iShares Global Energy ETF (NYSEARCA:IXC) Sets New 52-Week High – What’s Next?

iShares Global Energy ETF (NYSEARCA:IXC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.46 and last traded at $43.3810, with a volume of 36281 shares traded. The stock had previously closed at $42.85.

iShares Global Energy ETF Stock Up 1.5%

The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The business’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $40.21.

Hedge Funds Weigh In On iShares Global Energy ETF

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its position in shares of iShares Global Energy ETF by 14.9% during the second quarter. Fisher Asset Management LLC now owns 12,533,974 shares of the company’s stock valued at $492,460,000 after buying an additional 1,624,618 shares during the last quarter. Jane Street Group LLC increased its holdings in iShares Global Energy ETF by 16.3% during the first quarter. Jane Street Group LLC now owns 437,908 shares of the company’s stock worth $18,423,000 after buying an additional 61,294 shares during the last quarter. Verger Capital Management LLC raised its holdings in shares of iShares Global Energy ETF by 11.6% in the 3rd quarter. Verger Capital Management LLC now owns 511,493 shares of the company’s stock worth $21,355,000 after purchasing an additional 53,064 shares during the period. Money Design Co. Ltd. raised its stake in shares of iShares Global Energy ETF by 18.9% in the second quarter. Money Design Co. Ltd. now owns 306,833 shares of the company’s stock valued at $12,055,000 after buying an additional 48,834 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in iShares Global Energy ETF by 20.6% during the second quarter. Cetera Investment Advisers now owns 253,826 shares of the company’s stock valued at $9,973,000 after purchasing an additional 43,310 shares during the last quarter.

About iShares Global Energy ETF

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.