IXC ETF

IXC is a buy due to its low P/E, high cash flow, and emerging price momentum despite falling oil prices. The ETF has a diversified global portfolio, with significant exposure to large-cap value stocks, particularly Exxon Mobil and Chevron. IXC's technicals show a bullish rounded bottom pattern, with shares above key moving averages and positive RSI momentum.

iShares Global Energy ETF invests in energy companies within the S&P Global 1200, with capped weight restrictions to prevent dominance. IXC recently had assets under management of $2.15 billion, following somewhat volatile net fund flows, and an expense ratio of 0.41%. The fund's valuation indicates a potential IRR of 12%. However, uncertainty characterized by higher beta is likely to continue to produce volatility.

OPEC+ has provided some baseline aspirations for phasing out their supply cuts, with some elements of the timeline disappointing oil markets. They are principally concerned with the fact that rival capacity has been allowed to grow, and some members in particular have been aggressive about increasing production. We think that due to the budgets of some of these companies, and less urgency over clearing assets, OPEC+ are not that firm on the cuts.

For investors seeking momentum, iShares Global Energy ETF IXC is probably on radar. The fund just hit a 52-week high and is up 31% from its 52-week low price of $31.91/share.

The Energy, Consumer Non-cyclicals, and Healthcare sectors each earn an attractive-or-better rating at the start of 3Q23, based on the aggregation of individual stock ratings. Investors are advised to focus on sector funds that hold quality stocks and have low fees, with iShares Global Energy ETF rated as the top Energy fund. The article warns that cheap funds can deceive investors and emphasizes the importance of investing in funds with good stocks and low fees.

I evaluate the iShares Global Energy ETF as a potential investment option at its current market price. I continue to own this passively managed sector fund and plan to continue investing in it despite its volatility. The headwinds that currently exist for the broader Energy sector suggests that taking some profit here might be the right course of action.