Sovran Advisors LLC Invests $475,000 in iShares Global Energy ETF (NYSEARCA:IXC)

Sovran Advisors LLC bought a new stake in iShares Global Energy ETF (NYSEARCA:IXC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,821 shares of the company’s stock, valued at approximately $475,000.

Several other hedge funds have also recently added to or reduced their stakes in IXC. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Global Energy ETF in the 4th quarter valued at approximately $28,000. Erste Asset Management GmbH acquired a new position in shares of iShares Global Energy ETF during the third quarter worth $32,000. Bristlecone Advisors LLC purchased a new position in iShares Global Energy ETF in the third quarter valued at $57,000. Winch Advisory Services LLC raised its stake in iShares Global Energy ETF by 776.9% in the fourth quarter. Winch Advisory Services LLC now owns 1,482 shares of the company’s stock valued at $57,000 after buying an additional 1,313 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in iShares Global Energy ETF in the fourth quarter valued at $61,000.

iShares Global Energy ETF Stock Performance

NYSEARCA:IXC opened at $39.90 on Thursday. iShares Global Energy ETF has a 1 year low of $36.79 and a 1 year high of $45.22. The stock has a market cap of $3.28 billion, a P/E ratio of 7.86 and a beta of 0.52. The stock has a 50-day simple moving average of $39.46 and a 200-day simple moving average of $40.64.

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.