Kovack Advisors Inc. Decreases Stake in iShares Global Energy ETF (NYSEARCA:IXC)

Kovack Advisors Inc. cut its stake in shares of iShares Global Energy ETF (NYSEARCA:IXC) by 3.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,445 shares of the company’s stock after selling 467 shares during the period. Kovack Advisors Inc.’s holdings in iShares Global Energy ETF were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of iShares Global Energy ETF by 14,234.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 778,499 shares of the company’s stock worth $32,315,000 after purchasing an additional 773,068 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of iShares Global Energy ETF by 2.6% during the second quarter. Evergreen Capital Management LLC now owns 596,388 shares of the company’s stock valued at $24,756,000 after acquiring an additional 15,361 shares during the period. Cetera Investment Advisers grew its position in shares of iShares Global Energy ETF by 173.6% during the first quarter. Cetera Investment Advisers now owns 586,992 shares of the company’s stock worth $25,211,000 after acquiring an additional 372,411 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in iShares Global Energy ETF in the 2nd quarter valued at about $22,940,000. Finally, Verger Capital Management LLC boosted its stake in iShares Global Energy ETF by 1.6% during the 2nd quarter. Verger Capital Management LLC now owns 518,621 shares of the company’s stock valued at $21,528,000 after purchasing an additional 7,936 shares during the period.

iShares Global Energy ETF Trading Up 0.6 %

NYSEARCA IXC opened at $42.10 on Friday. The company has a 50-day moving average price of $41.03 and a two-hundred day moving average price of $41.55. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a 52 week low of $37.02 and a 52 week high of $45.22.

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.