Marks Group Wealth Management Inc Purchases Shares of 14,964 iShares Global Energy ETF (NYSEARCA:IXC)

Marks Group Wealth Management Inc acquired a new position in shares of iShares Global Energy ETF (NYSEARCA:IXC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,964 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds have also modified their holdings of the company. SYM FINANCIAL Corp acquired a new stake in iShares Global Energy ETF during the third quarter worth about $26,000. Bourgeon Capital Management LLC acquired a new stake in iShares Global Energy ETF during the 3rd quarter worth approximately $40,000. Northwest Capital Management Inc purchased a new position in iShares Global Energy ETF in the fourth quarter valued at approximately $46,000. Sound Income Strategies LLC acquired a new position in iShares Global Energy ETF during the fourth quarter valued at approximately $54,000. Finally, New Millennium Group LLC grew its stake in iShares Global Energy ETF by 54.2% during the fourth quarter. New Millennium Group LLC now owns 1,712 shares of the company’s stock worth $67,000 after buying an additional 602 shares during the period.

iShares Global Energy ETF Stock Performance

Shares of NYSEARCA:IXC traded up $0.19 during midday trading on Tuesday, hitting $44.08. 332,291 shares of the company’s stock traded hands, compared to its average volume of 749,566. The firm’s fifty day moving average price is $41.67 and its two-hundred day moving average price is $40.17. iShares Global Energy ETF has a twelve month low of $35.38 and a twelve month high of $45.22. The company has a market cap of $3.45 billion, a PE ratio of 8.03 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.