Truist Financial Corp Has $4.35 Million Position in iShares Global Energy ETF (NYSEARCA:IXC)

Truist Financial Corp raised its holdings in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 1,032.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,837 shares of the company’s stock after purchasing an additional 103,782 shares during the quarter. Truist Financial Corp owned approximately 0.14% of iShares Global Energy ETF worth $4,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IXC. Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Global Energy ETF during the 4th quarter worth about $28,000. Erste Asset Management GmbH bought a new position in iShares Global Energy ETF in the 3rd quarter valued at about $32,000. Bristlecone Advisors LLC acquired a new stake in iShares Global Energy ETF during the third quarter worth approximately $57,000. Winch Advisory Services LLC lifted its position in iShares Global Energy ETF by 776.9% during the fourth quarter. Winch Advisory Services LLC now owns 1,482 shares of the company’s stock worth $57,000 after acquiring an additional 1,313 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of iShares Global Energy ETF during the fourth quarter worth approximately $61,000.

iShares Global Energy ETF Trading Down 1.8 %

Shares of NYSEARCA IXC opened at $40.33 on Monday. The firm has a market cap of $3.32 billion, a P/E ratio of 7.86 and a beta of 0.52. The business’s 50 day moving average is $39.42 and its 200-day moving average is $40.62. iShares Global Energy ETF has a 1-year low of $36.79 and a 1-year 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.