iShares Global Energy ETF (NYSEARCA:IXC) Sees Strong Trading Volume – Here’s What Happened

Posted by Trevor Kearing on Jan 13th, 2025

Shares of iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw strong trading volume on Monday . 697,297 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 372,191 shares.The stock last traded at $39.97 and had previously closed at $39.34.

iShares Global Energy ETF Price Performance

The company’s 50-day moving average price is $40.29 and its 200-day moving average price is $40.87. The company has a market cap of $3.28 billion, a P/E ratio of 7.86 and a beta of 0.52.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new position in iShares Global Energy ETF in the third quarter valued at $32,000. Zions Bancorporation N.A. bought a new position in iShares Global Energy ETF in the second quarter valued at $33,000. Bristlecone Advisors LLC bought a new position in iShares Global Energy ETF in the third quarter valued at $57,000. Sunbelt Securities Inc. grew its position in iShares Global Energy ETF by 629.4% in the second quarter. Sunbelt Securities Inc. now owns 2,254 shares of the company’s stock valued at $94,000 after purchasing an additional 1,945 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in iShares Global Energy ETF by 8.1% in the third quarter. First Horizon Advisors Inc. now owns 3,691 shares of the company’s stock valued at $149,000 after purchasing an additional 275 shares in the last quarter.

iShares Global Energy ETF Company Profile

(Get Free Report)

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.