Park Avenue Securities LLC Makes New Investment in iShares Global Energy ETF $IXC

Park Avenue Securities LLC purchased a new position in iShares Global Energy ETF (NYSEARCA:IXC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,068 shares of the company’s stock, valued at approximately $1,371,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in iShares Global Energy ETF during the first quarter worth about $269,917,000. Evergreen Capital Management LLC purchased a new stake in shares of iShares Global Energy ETF in the 3rd quarter valued at about $36,567,000. Versant Capital Management Inc boosted its position in shares of iShares Global Energy ETF by 2.1% during the 3rd quarter. Versant Capital Management Inc now owns 508,556 shares of the company’s stock valued at $28,972,000 after acquiring an additional 10,640 shares during the last quarter. Financial Advisory Corp boosted its position in shares of iShares Global Energy ETF by 1.6% during the 2nd quarter. Financial Advisory Corp now owns 226,108 shares of the company’s stock valued at $11,109,000 after acquiring an additional 3,654 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of iShares Global Energy ETF by 28.9% during the first quarter. Royal Bank of Canada now owns 179,975 shares of the company’s stock worth $10,368,000 after purchasing an additional 40,364 shares in the last quarter.

iShares Global Energy ETF Stock Performance

IXC stock opened at $64.19 on Monday. The company’s 50 day moving average is $59.67 and its 200 day moving average is $54.55. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 13.85 and a beta of 0.40. iShares Global Energy ETF has a 1-year low of $40.55 and a 1-year high of $64.34.

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. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.