Bessemer Group Inc. cut its stake in iShares Global Energy ETF (NYSEARCA:IXC – Free Report) by 90.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,813 shares of the company’s stock after selling 96,140 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Global Energy ETF were worth $371,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of IXC. CENTRAL TRUST Co bought a new stake in iShares Global Energy ETF during the 1st quarter worth approximately $28,000. Avantax Advisory Services Inc. boosted its position in iShares Global Energy ETF by 0.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 97,526 shares of the company’s stock worth $3,683,000 after acquiring an additional 745 shares during the last quarter. Parallel Advisors LLC acquired a new position in iShares Global Energy ETF during the 1st quarter worth approximately $1,060,000. Oversea Chinese Banking CORP Ltd acquired a new position in iShares Global Energy ETF during the 4th quarter worth approximately $15,732,000. Finally, 1834 Investment Advisors Co. acquired a new position in iShares Global Energy ETF during the 1st quarter worth approximately $1,188,000.
iShares Global Energy ETF Stock Down 0.3 %
NYSEARCA:IXC opened at $39.38 on Thursday. iShares Global Energy ETF has a twelve month low of $31.91 and a twelve month high of $42.11. The business has a 50 day moving average price of $38.17 and a two-hundred day moving average price of $38.03. The company has a market cap of $1.81 billion, a P/E ratio of 14.37 and a beta of 1.13.
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.
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