iShares Global Energy ETF (NYSEARCA:IXC) Hits New 12-Month Low – Time to Sell?

iShares Global Energy ETF (NYSEARCA:IXC)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $33.89 and last traded at $37.14, with a volume of 453141 shares. The stock had previously closed at $34.69.

iShares Global Energy ETF Stock Up 7.1 %

The company has a 50-day moving average of $39.81 and a 200 day moving average of $40.34. The firm has a market capitalization of $1.89 billion, a PE ratio of 14.91 and a beta of 0.74.

Hedge Funds Weigh In On iShares Global Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of iShares Global Energy ETF by 93.3% in the 1st quarter. Parallel Advisors LLC now owns 891 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of iShares Global Energy ETF by 4,107.1% in the 1st quarter. GAMMA Investing LLC now owns 10,139 shares of the company’s stock valued at $427,000 after acquiring an additional 9,898 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of iShares Global Energy ETF by 149.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 20,872 shares of the company’s stock valued at $797,000 after acquiring an additional 12,500 shares during the last quarter. Capital A Wealth Management LLC bought a new stake in shares of iShares Global Energy ETF in the 4th quarter valued at about $40,000. Finally, Financial Advisory Corp bought a new stake in shares of iShares Global Energy ETF in the 4th quarter valued at about $10,798,000.

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.