Van Cleef Asset Management Inc Trims Position in iShares Global Energy ETF (NYSEARCA:IXC)

Van Cleef Asset Management Inc lessened its stake in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,122 shares of the company’s stock after selling 2,057 shares during the quarter. iShares Global Energy ETF comprises 1.7% of Van Cleef Asset Management Inc’s portfolio, making the stock its 17th largest holding. Van Cleef Asset Management Inc owned approximately 0.66% of iShares Global Energy ETF worth $11,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IXC. National Bank of Canada FI grew its holdings in shares of iShares Global Energy ETF by 63.2% during the third quarter. National Bank of Canada FI now owns 9,749 shares of the company’s stock worth $392,000 after purchasing an additional 3,776 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of iShares Global Energy ETF during the third quarter worth about $362,000. Derbend Asset Management grew its holdings in shares of iShares Global Energy ETF by 25.1% during the third quarter. Derbend Asset Management now owns 54,785 shares of the company’s stock worth $2,260,000 after purchasing an additional 10,981 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in shares of iShares Global Energy ETF by 6.3% during the third quarter. Walkner Condon Financial Advisors LLC now owns 10,924 shares of the company’s stock worth $451,000 after purchasing an additional 652 shares in the last quarter. Finally, My Legacy Advisors LLC purchased a new position in shares of iShares Global Energy ETF during the third quarter worth about $511,000.

iShares Global Energy ETF Stock Performance

IXC traded up $0.23 during midday trading on Thursday, hitting $44.35. The stock had a trading volume of 389,145 shares, compared to its average volume of 741,398. The company has a market cap of $3.47 billion, a P/E ratio of 8.03 and a beta of 0.52. The business has a fifty day moving average of $41.90 and a 200 day moving average of $40.23. iShares Global Energy ETF has a 1 year low of $35.38 and a 1 year high of $45.22.

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.