iShares Global Energy ETF (NYSEARCA:IXC) Sees Large Volume Increase – Should You Buy?

iShares Global Energy ETF (NYSEARCA:IXC) saw strong trading volume on Monday . 697,297 shares traded hands during 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 Stock Up 1.3 %

The firm’s fifty day moving average price is $40.25 and its 200-day moving average price is $40.85. The stock has a market cap of $3.35 billion, a P/E ratio of 7.86 and a beta of 0.52.

Institutional Investors Weigh In On iShares Global Energy ETF

Large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of iShares Global Energy ETF by 17.9% during the third quarter. Fisher Asset Management LLC now owns 9,832,438 shares of the company’s stock worth $398,017,000 after purchasing an additional 1,491,283 shares during the period. The Manufacturers Life Insurance Company raised its position in iShares Global Energy ETF by 14,234.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 778,499 shares of the company’s stock valued at $32,315,000 after purchasing an additional 773,068 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Global Energy ETF in the 2nd quarter worth approximately $22,940,000. Bank of Montreal Can grew its position in shares of iShares Global Energy ETF by 58.5% in the 2nd quarter. Bank of Montreal Can now owns 272,376 shares of the company’s stock worth $11,313,000 after buying an additional 100,512 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of iShares Global Energy ETF by 2,945.3% in the 3rd quarter. International Assets Investment Management LLC now owns 103,205 shares of the company’s stock worth $4,178,000 after buying an additional 99,816 shares during 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.