Cetera Investment Advisers Sells 358,704 Shares of iShares Global Energy ETF (NYSEARCA:IXC)

Cetera Investment Advisers lessened its stake in iShares Global Energy ETF (NYSEARCA:IXC) by 61.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,288 shares of the company’s stock after selling 358,704 shares during the quarter. Cetera Investment Advisers owned about 0.28% of iShares Global Energy ETF worth $9,476,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of iShares Global Energy ETF by 5.1% during the fourth quarter. Fisher Asset Management LLC now owns 4,770,690 shares of the company’s stock worth $186,582,000 after purchasing an additional 229,491 shares in the last quarter. CWM LLC lifted its holdings in iShares Global Energy ETF by 9.8% during the first quarter. CWM LLC now owns 1,735,317 shares of the company’s stock worth $74,532,000 after acquiring an additional 155,547 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in iShares Global Energy ETF by 8.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,148,800 shares of the company’s stock valued at $49,341,000 after acquiring an additional 87,178 shares during the period. Park Avenue Securities LLC increased its holdings in shares of iShares Global Energy ETF by 4.7% in the first quarter. Park Avenue Securities LLC now owns 783,193 shares of the company’s stock worth $33,638,000 after acquiring an additional 35,115 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of iShares Global Energy ETF by 14,234.4% during the second quarter. The Manufacturers Life Insurance Company now owns 778,499 shares of the company’s stock worth $32,315,000 after purchasing an additional 773,068 shares during the period.

iShares Global Energy ETF Price Performance

NYSEARCA:IXC opened at $42.81 on Friday. The business’s 50-day simple moving average is $40.90 and its 200-day simple moving average is $41.96. iShares Global Energy ETF has a fifty-two week low of $37.02 and a fifty-two week high of $45.22. The stock has a market capitalization of $3.52 billion, a PE ratio of 7.86 and a beta of 0.52.

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.