Sat Sep 21 11:35:10 UTC 2024: ## Wealth Alliance Cuts Stake in iShares Global Energy ETF (IXC)

**New York, NY (MarketBeat News) – September 21, 2024** – Wealth Alliance has significantly reduced its holdings in the iShares Global Energy ETF (IXC) by 87.5% in the second quarter of 2024, according to a recent filing with the Securities & Exchange Commission. The investment firm now owns 5,575 shares of IXC, valued at $231,000, after selling 39,171 shares.

This move comes amidst a mixed bag of activity from other institutional investors. Envestnet Asset Management Inc. drastically increased its stake in IXC by 12,125.7% during the fourth quarter, while Hsbc Holdings PLC acquired a new position in the ETF valued at approximately $78,055,000. The Manufacturers Life Insurance Company and Cetera Investment Advisers also significantly boosted their positions, indicating continued interest in the energy sector.

IXC opened at $40.69 on Friday, with a 12-month low of $37.02 and a 12-month high of $45.22. The ETF’s market cap is $3.34 billion, with a P/E ratio of 7.86 and a beta of 0.52.

The iShares Global Energy ETF tracks the performance of the S&P Global Energy Sector Index, a benchmark for companies in the energy sector of the economy.

Investors interested in tracking the holdings of other hedge funds in IXC can visit HoldingsChannel.com.

**Disclaimer:** This is a news article based on information provided in the original text. MarketBeat News does not provide investment advice.

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