This article first appeared on GuruFocus.
iShares Global Energy ETF (IXC) was alone in selling on Tuesday, Nov. 10, with no ETFs buying against it. The fund recorded $130.9 million in gross trades, all of it sales, against $2.52 billion in assets. It increased no positions and decreased 26, leaving its top buys empty and its activity entirely on the sell side.
What did IXC sell on Tuesday?
Its largest sells by dollar value were XOM ($36.2 million), CVX ($22.4 million) and COP ($8.8 million).
Exxon Mobil (XOM) led the selling, with 220,363 shares cut for $36.2 million, followed by Chevron (CVX) at 105,877 shares for $22.4 million. ConocoPhillips (COP) shed 64,701 shares worth $8.8 million, Marathon Petroleum (MPC) 14,950 shares for $5.8 million and Valero Energy (VLO) 15,341 shares for $5.4 million. None of the sales were new positions or full exits, and no buys were reported.
How does IXC invest?
iShares Global Energy ETF (IXC) is an equity fund in the Equity Theme – Natural Resources category, holding 50 stocks with 60.7% 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 charges 0.37% and its top holdings are Exxon Mobil at 18.29%, Chevron at 11.29%, Shell at 7.55%, TotalEnergies at 4.79% and ConocoPhillips at 4.4%. The fund has a GF Score of 72, a P/E of 14.43, a P/B of 2.08, a dividend yield of 2.49% and a year-to-date return of 40.35%.
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 guru trades.
Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
