Abbot Financial Management Inc. Raises Stock Position in iShares Global Energy ETF (NYSEARCA:IXC)

Abbot Financial Management Inc. raised its position in iShares Global Energy ETF (NYSEARCA:IXC) by 32.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,564 shares of the company’s stock after purchasing an additional 4,564 shares during the quarter. Abbot Financial Management Inc.’s holdings in iShares Global Energy ETF were worth $771,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of iShares Global Energy ETF during the 2nd quarter worth $1,221,000. Citizens Financial Group Inc. RI raised its stake in shares of iShares Global Energy ETF by 49.2% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,180 shares of the company’s stock valued at $506,000 after acquiring an additional 4,019 shares during the period. Financial Life Advisors lifted its holdings in shares of iShares Global Energy ETF by 15.0% in the 2nd quarter. Financial Life Advisors now owns 48,628 shares of the company’s stock worth $2,019,000 after acquiring an additional 6,360 shares during the last quarter. Sierra Summit Advisors LLC boosted its position in shares of iShares Global Energy ETF by 12.9% during the 2nd quarter. Sierra Summit Advisors LLC now owns 49,986 shares of the company’s stock worth $2,075,000 after purchasing an additional 5,700 shares during the period. Finally, Black Diamond Financial LLC acquired a new stake in iShares Global Energy ETF in the 2nd quarter valued at approximately $746,000.

iShares Global Energy ETF Stock Up 1.2 %

NYSEARCA:IXC opened at $39.92 on Tuesday. iShares Global Energy ETF has a 52 week low of $37.02 and a 52 week high of $45.22. The stock’s fifty day moving average is $41.08 and its two-hundred day moving average is $41.95. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52.

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.