iShares Global Comm Services ETF (NYSEARCA:IXP) Stock Price Up 0.3% – Time to Buy?

iShares Global Comm Services ETF (NYSEARCA:IXP) shares traded up 0.3% during mid-day trading on Tuesday. The company traded as high as $118.88 and last traded at $118.86. Approximately 15,891 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 42,335 shares. The stock had previously closed at $118.55.

iShares Global Comm Services ETF Stock Performance

The company has a market capitalization of $612.13 million, a PE ratio of 19.46 and a beta of 0.89. The company has a 50 day moving average price of $117.58 and a 200 day moving average price of $118.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IXP. Envestnet Asset Management Inc. raised its stake in shares of iShares Global Comm Services ETF by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,972 shares of the company’s stock valued at $1,577,000 after purchasing an additional 772 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in iShares Global Comm Services ETF by 7.0% in the second quarter. Integrated Wealth Concepts LLC now owns 16,869 shares of the company’s stock worth $1,904,000 after purchasing an additional 1,101 shares in the last quarter. Capital Square LLC acquired a new position in iShares Global Comm Services ETF in the second quarter worth about $224,000. CX Institutional increased its holdings in iShares Global Comm Services ETF by 3,090.2% in the second quarter. CX Institutional now owns 6,540 shares of the company’s stock valued at $738,000 after buying an additional 6,335 shares during the last quarter. Finally, One Charles Private Wealth Services LLC increased its holdings in iShares Global Comm Services ETF by 6.6% in the first quarter. One Charles Private Wealth Services LLC now owns 3,545 shares of the company’s stock valued at $407,000 after buying an additional 219 shares during the last quarter.

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.