iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Large Volume Increase – Here’s What Happened

iShares Global Comm Services ETF (NYSEARCA:IXP) saw an uptick in trading volume on Friday . 204,088 shares changed hands during trading, an increase of 308% from the previous session’s volume of 50,074 shares.The stock last traded at $111.93 and had previously closed at $112.56.

iShares Global Comm Services ETF Price Performance

The business’s 50 day moving average is $120.52 and its two-hundred day moving average is $121.84. The firm has a market capitalization of $652.04 million, a PE ratio of 19.46 and a beta of 0.87.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Several hedge funds have recently made changes to their positions in the business. Transcend Capital Advisors LLC lifted its stake in iShares Global Comm Services ETF by 3.8% in the third quarter. Transcend Capital Advisors LLC now owns 2,584 shares of the company’s stock worth $319,000 after acquiring an additional 95 shares during the period. Vivaldi Capital Management LP increased its position in iShares Global Comm Services ETF by 4.6% during the 4th quarter. Vivaldi Capital Management LP now owns 2,233 shares of the company’s stock valued at $271,000 after purchasing an additional 98 shares during the period. J.W. Cole Advisors Inc. raised its holdings in iShares Global Comm Services ETF by 4.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,625 shares of the company’s stock worth $324,000 after purchasing an additional 115 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in iShares Global Comm Services ETF by 5.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $291,000 after purchasing an additional 133 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of iShares Global Comm Services ETF by 1.3% in the 4th quarter. Advisory Services Network LLC now owns 13,074 shares of the company’s stock worth $1,585,000 after purchasing an additional 174 shares during the period.

iShares Global Comm Services ETF Company Profile

The iShares Global Comm Services ETF (IXP) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of global communication services companies, drawn from 1,200 global stocks selected by S&P. IXP was launched on Nov 12, 2001 and is managed by BlackRock.