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

iShares Global Energy ETF (NYSEARCA:IXC) hit a new 52-week low on Thursday . The stock traded as low as $36.97 and last traded at $37.03, with a volume of 783829 shares trading hands. The stock had previously closed at $37.10.

iShares Global Energy ETF Stock Down 0.3 %

The business’s 50-day moving average price is $41.31 and its 200 day moving average price is $41.21. The company has a market capitalization of $3.04 billion, a P/E ratio of 7.86 and a beta of 0.52.

Institutional Investors Weigh In On iShares Global Energy ETF

Hedge funds have recently bought and sold shares of the stock. Foundations Investment Advisors LLC purchased a new position in shares of iShares Global Energy ETF in the 3rd quarter worth about $229,000. KM Capital Management Ltd. grew its position in iShares Global Energy ETF by 26.5% during the second quarter. KM Capital Management Ltd. now owns 67,965 shares of the company’s stock valued at $2,821,000 after acquiring an additional 14,242 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of iShares Global Energy ETF during the second quarter worth approximately $2,101,000. Cubist Systematic Strategies LLC bought a new stake in shares of iShares Global Energy ETF in the 2nd quarter worth approximately $860,000. Finally, Prudential PLC boosted its stake in shares of iShares Global Energy ETF by 10.3% in the 2nd quarter. Prudential PLC now owns 61,200 shares of the company’s stock valued at $2,529,000 after purchasing an additional 5,700 shares in the last quarter.

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.