This article first appeared on GuruFocus.
In a one-sided session of ETF activity on Thursday, iShares Global Energy ETF (IXC) was the sole seller among the funds tracked, with no ETFs buying. IXC sold $168.8 million of stock and bought nothing, leaving net sales of $168.8 million against $2.72 billion in assets. The fund increased no positions and decreased 26.
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What did IXC sell on Thursday?
Its largest sells by dollar value were XOM ($47.2 million), CVX ($29.2 million) and COP ($11.3 million).
The largest sale was Exxon Mobil (XOM), where IXC cut 285,690 shares for $47.2 million, followed by Chevron (CVX) at $29.2 million and ConocoPhillips (COP) at $11.3 million. Marathon Petroleum (MPC) fell by $7.4 million and Valero Energy (VLO) by $7.0 million. None of the sales were new positions or full exits, and the fund made no purchases.
How does IXC invest?
IXC is an equity fund in the Equity Theme – Natural Resources category, holding 50 stocks with 61.2% of assets in its 10 largest holdings. Energy accounts for 100.0% of the stocks that could be classified, and the mix is 99.8% large-cap and 0.2% mid-cap. It has an expense ratio of 0.37%, and its top holdings are Exxon Mobil at 18.27%, Chevron at 11.31%, Shell at 7.92%, TotalEnergies at 4.95% and ConocoPhillips at 4.37%. The fund has a GF Score of 72, a P/E of 14.43, a P/B of 2.08, a dividend yield of 2.54% and a year-to-date return of 37.86%.
iShares Global Energy ETF (IXC) at a glance
Holdings, performance and fees for IXC are on its fund summary page; the ETF Screener lines it up against its peers. For the stock behind its biggest sell, see XOM’s GF Value page and <a href="https://www.gurufocus.com/stock/XOM/guru-trades?ref=etf-fund&r=caf6fe0e0db70d936033da5461e60141&utm_source=yahoo_finance&utm_medium=syndication&utm_campaign=headlines&utm_content=what_ishares_global_energy_etf_%28ixc%29_sold%3A_exxon_mobil_leads_on_nov._5&
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
