MGO Private Wealth LLC Buys Shares of 6,426 iShares Global Energy ETF (NYSEARCA:IXC)

MGO Private Wealth LLC bought a new stake in iShares Global Energy ETF (NYSEARCA:IXC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,426 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IXC. AE Wealth Management LLC acquired a new position in iShares Global Energy ETF in the third quarter valued at approximately $362,000. Walkner Condon Financial Advisors LLC boosted its position in shares of iShares Global Energy ETF by 6.3% during the third quarter. Walkner Condon Financial Advisors LLC now owns 10,924 shares of the company’s stock worth $451,000 after buying an additional 652 shares during the period. My Legacy Advisors LLC acquired a new position in shares of iShares Global Energy ETF during the third quarter worth approximately $511,000. Commonwealth Equity Services LLC boosted its position in shares of iShares Global Energy ETF by 35.1% during the third quarter. Commonwealth Equity Services LLC now owns 140,267 shares of the company’s stock worth $5,787,000 after buying an additional 36,404 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of iShares Global Energy ETF by 94.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 176,362 shares of the company’s stock worth $7,277,000 after buying an additional 85,557 shares during the period.

iShares Global Energy ETF Price Performance

Shares of NYSEARCA IXC traded down $0.29 during midday trading on Friday, hitting $44.08. 495,800 shares of the company’s stock were exchanged, compared to its average volume of 738,365. The stock’s 50 day moving average price is $42.10 and its 200-day moving average price is $40.28. The firm has a market cap of $3.45 billion, a P/E ratio of 8.03 and a beta of 0.52. iShares Global Energy ETF has a twelve month low of $35.38 and a twelve month high of $45.22.

iShares Global Energy ETF 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.