Modern Wealth Management LLC Takes Position in iShares Global Energy ETF (NYSEARCA:IXC)

Modern Wealth Management LLC purchased a new position in iShares Global Energy ETF (NYSEARCA:IXC) in the fourth quarter, Holdings Channel reports. The fund purchased 113,637 shares of the company’s stock, valued at approximately $4,575,000.

Other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. purchased a new position in shares of iShares Global Energy ETF during the 4th quarter valued at approximately $234,000. Fisher Asset Management LLC lifted its holdings in iShares Global Energy ETF by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 10,131,253 shares of the company’s stock valued at $386,811,000 after purchasing an additional 298,815 shares in the last quarter. Fifth Third Bancorp grew its position in shares of iShares Global Energy ETF by 75.5% in the fourth quarter. Fifth Third Bancorp now owns 2,991 shares of the company’s stock valued at $114,000 after purchasing an additional 1,287 shares during the period. Kestra Investment Management LLC increased its stake in shares of iShares Global Energy ETF by 28.6% during the third quarter. Kestra Investment Management LLC now owns 65,086 shares of the company’s stock worth $2,635,000 after purchasing an additional 14,473 shares in the last quarter. Finally, Sofi Wealth LLC acquired a new position in shares of iShares Global Energy ETF during the 4th quarter worth about $604,000.

iShares Global Energy ETF Trading Up 0.7 %

IXC stock opened at $41.64 on Tuesday. iShares Global Energy ETF has a 12-month low of $36.79 and a 12-month high of $45.22. The business’s 50-day moving average is $40.10 and its 200 day moving average is $40.41. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 14.23 and a beta of 0.98.

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.