Modern Wealth Management LLC Invests $4.58 Million in iShares Global Energy ETF (NYSEARCA:IXC)

Modern Wealth Management LLC bought a new stake in iShares Global Energy ETF (NYSEARCA:IXC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 113,637 shares of the company’s stock, valued at approximately $4,575,000. Modern Wealth Management LLC owned about 0.14% of iShares Global Energy ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in shares of iShares Global Energy ETF by 17.9% in the 3rd quarter. Fisher Asset Management LLC now owns 9,832,438 shares of the company’s stock valued at $398,017,000 after acquiring an additional 1,491,283 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in iShares Global Energy ETF in the fourth quarter valued at $35,969,000. Raymond James Financial Inc. acquired a new stake in iShares Global Energy ETF during the 4th quarter worth about $8,420,000. GenTrust LLC raised its stake in shares of iShares Global Energy ETF by 342.5% during the 4th quarter. GenTrust LLC now owns 163,679 shares of the company’s stock valued at $6,249,000 after buying an additional 126,688 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of iShares Global Energy ETF by 1,032.1% in the 4th quarter. Truist Financial Corp now owns 113,837 shares of the company’s stock valued at $4,346,000 after buying an additional 103,782 shares during the period.

iShares Global Energy ETF Stock Up 0.7 %

iShares Global Energy ETF stock opened at $41.64 on Tuesday. The business’s 50-day moving average price is $40.10 and its 200 day moving average price is $40.41. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 14.23 and a beta of 0.98. iShares Global Energy ETF has a 52 week low of $36.79 and a 52 week high of $45.22.

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.