EverSource Wealth Advisors Sells Shares in iShares Global Energy ETF

EverSource Wealth Advisors LLC has decreased its stake in the iShares Global Energy ETF (NYSEARCA:IXC – Free Report) by 16.2% during the fourth quarter, as indicated in their latest 13F report filed with the Securities and Exchange Commission (SEC). Following the sale of 347 shares during the quarter, the institutional investor now holds 1,792 shares of the ETF's stock, valued at approximately $68,000.

Other institutional investors have also made changes to their investments in the iShares Global Energy ETF recently. In the fourth quarter, Atomi Financial Group Inc. entered a new position in the fund valued at $234,000. Meanwhile, Fisher Asset Management LLC increased its holdings by 3.0%, now owning 10,131,253 shares worth $386,811,000 after acquiring an additional 298,815 shares. Fifth Third Bancorp notably raised its investment by 75.5%, bringing its total to 2,991 shares, valued at $114,000 after purchasing an additional 1,287 shares in the same timeframe.

Furthermore, Kestra Investment Management LLC raised its position in the ETF by 28.6%, resulting in ownership of 65,086 shares valued at $2,635,000 after acquiring 14,473 more shares. Lastly, Sofi Wealth LLC established a new stake in the iShares Global Energy ETF valued at around $604,000 during the fourth quarter.

Performance of iShares Global Energy ETF

The shares of the iShares Global Energy ETF opened at $41.45 on Thursday. With a market capitalization of $2.11 billion, the fund has a price-to-earnings (PE) ratio of 14.23 and a beta of 0.98. Its 50-day simple moving average stands at $39.98, while the 200-day average is $40.40. Over the past year, the ETF has recorded a low of $36.79 and a high of $45.22.

Overview of iShares Global Energy ETF

The iShares Global Energy ETF, formerly known as the iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF) that aims to produce investment results mirroring the price and yield performance of the S&P Global Energy Sector Index. This index assesses the performance of companies recognized by S&P as part of the energy sector within the economy.

Conclusion

In summary, recent actions by EverSource Wealth Advisors and other institutional investors reflect ongoing interest and adjustments in the management of the iShares Global Energy ETF. As the energy sector grapples with changing market conditions, stakeholders are closely monitoring shifts in holdings to maximize investment opportunities and outcomes.

investment, ETF, shares