Sunpointe LLC Takes $363,000 Position in iShares Global Energy ETF (NYSEARCA:IXC)

Sunpointe LLC bought a new position in shares of iShares Global Energy ETF (NYSEARCA:IXC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,269 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Global Energy ETF by 12,125.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,339,573 shares of the company’s stock worth $287,051,000 after buying an additional 7,279,539 shares during the period. Fisher Asset Management LLC grew its position in iShares Global Energy ETF by 5.5% during the 4th quarter. Fisher Asset Management LLC now owns 4,788,873 shares of the company’s stock worth $187,293,000 after purchasing an additional 247,674 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in iShares Global Energy ETF during the 4th quarter valued at $78,055,000. CWM LLC lifted its holdings in shares of iShares Global Energy ETF by 120,585.3% in the fourth quarter. CWM LLC now owns 1,579,770 shares of the company’s stock valued at $61,785,000 after purchasing an additional 1,578,461 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of iShares Global Energy ETF by 10,188.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,281,780 shares of the company’s stock worth $50,130,000 after buying an additional 1,269,322 shares during the period.

iShares Global Energy ETF Stock Performance

Shares of IXC stock traded down $0.36 on Friday, reaching $39.86. 1,030,507 shares of the company’s stock traded hands, compared to its average volume of 913,658. The company has a market capitalization of $3.28 billion, a P/E ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a 12-month low of $35.64 and a 12-month high of $45.22. The business’s 50 day moving average price is $43.07 and its two-hundred day moving average price is $40.91.

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.