Pinnacle Wealth Management Advisory Group LLC Raises Stock Position in iShares Global Energy ETF (NYSEARCA:IXC)

Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 62.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,936 shares of the company’s stock after acquiring an additional 11,100 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares Global Energy ETF were worth $1,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. purchased a new stake in iShares Global Energy ETF during the fourth quarter worth $234,000. Foundations Investment Advisors LLC purchased a new position in shares of iShares Global Energy ETF during the 3rd quarter worth approximately $229,000. Fifth Third Bancorp lifted its stake in iShares Global Energy ETF by 75.5% in the 4th quarter. Fifth Third Bancorp now owns 2,991 shares of the company’s stock valued at $114,000 after buying an additional 1,287 shares in the last quarter. Financial Life Advisors increased its position in iShares Global Energy ETF by 5.3% during the 3rd quarter. Financial Life Advisors now owns 51,197 shares of the company’s stock worth $2,072,000 after purchasing an additional 2,569 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its holdings in iShares Global Energy ETF by 28.6% in the 3rd quarter. Kestra Investment Management LLC now owns 65,086 shares of the company’s stock valued at $2,635,000 after purchasing an additional 14,473 shares in the last quarter.

iShares Global Energy ETF Stock Up 0.2 %

IXC stock opened at $40.25 on Monday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52. The stock’s fifty day simple moving average is $39.41 and its 200-day simple moving average is $40.62. 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.