Adapt Wealth Advisors LLC Acquires 29,665 Shares of iShares Global Energy ETF (NYSEARCA:IXC)

Adapt Wealth Advisors LLC increased its position in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 43.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,152 shares of the company’s stock after purchasing an additional 29,665 shares during the quarter. iShares Global Energy ETF accounts for approximately 2.6% of Adapt Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Adapt Wealth Advisors LLC owned 0.12% of iShares Global Energy ETF worth $4,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of iShares Global Energy ETF during the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Global Energy ETF during the second quarter valued at about $37,000. New Republic Capital LLC bought a new stake in shares of iShares Global Energy ETF during the fourth quarter worth about $40,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of iShares Global Energy ETF in the fourth quarter valued at approximately $45,000. Finally, FinTrust Capital Advisors LLC bought a new position in iShares Global Energy ETF in the 4th quarter valued at approximately $52,000.

iShares Global Energy ETF Price Performance

IXC opened at $39.63 on Monday. iShares Global Energy ETF has a fifty-two week low of $37.02 and a fifty-two week high of $45.22. The company’s 50 day moving average price is $41.36 and its two-hundred day moving average price is $41.95. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52.

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.