Envestnet Asset Management Inc. Trims Position in iShares Global Energy ETF (NYSEARCA:IXC)

Envestnet Asset Management Inc. lowered its position in iShares Global Energy ETF (NYSEARCA:IXC) by 89.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 818,146 shares of the company’s stock after selling 7,085,584 shares during the quarter. Envestnet Asset Management Inc. owned about 1.00% of iShares Global Energy ETF worth $33,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Client 1ST Advisory Group LLC purchased a new stake in shares of iShares Global Energy ETF in the 2nd quarter valued at approximately $263,000. Zions Bancorporation N.A. acquired a new stake in iShares Global Energy ETF during the second quarter worth $33,000. Daiwa Securities Group Inc. raised its position in iShares Global Energy ETF by 40.0% in the second quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock valued at $232,000 after purchasing an additional 1,600 shares during the period. Prudential PLC lifted its stake in shares of iShares Global Energy ETF by 10.3% in the 2nd quarter. Prudential PLC now owns 61,200 shares of the company’s stock valued at $2,529,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Adapt Wealth Advisors LLC grew its holdings in shares of iShares Global Energy ETF by 43.3% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 98,152 shares of the company’s stock worth $4,074,000 after purchasing an additional 29,665 shares during the period.

iShares Global Energy ETF Trading Down 0.2 %

Shares of NYSEARCA:IXC opened at $40.69 on Friday. The business has a 50-day moving average price of $41.02 and a 200 day moving average price of $41.94. iShares Global Energy ETF has a 12-month low of $37.02 and a 12-month high of $45.22. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52.

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.