Hsbc Holdings PLC Cuts Stock Holdings in iShares Global Comm Services ETF $IXP

Hsbc Holdings PLC lowered its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 56.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,595 shares of the company’s stock after selling 607,191 shares during the period. Hsbc Holdings PLC owned about 9.70% of iShares Global Comm Services ETF worth $54,053,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IXP. Financial Management Professionals Inc. purchased a new stake in shares of iShares Global Comm Services ETF during the fourth quarter valued at approximately $2,254,000. HighTower Advisors LLC boosted its position in iShares Global Comm Services ETF by 9,233.6% in the fourth quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock worth $18,657,000 after purchasing an additional 152,262 shares during the last quarter. AE Wealth Management LLC boosted its position in iShares Global Comm Services ETF by 10.6% in the fourth quarter. AE Wealth Management LLC now owns 50,177 shares of the company’s stock worth $6,082,000 after purchasing an additional 4,806 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Global Comm Services ETF by 21,369.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 32,634 shares of the company’s stock worth $3,884,000 after purchasing an additional 32,482 shares during the last quarter. Finally, Paragon Advisors LLC bought a new position in iShares Global Comm Services ETF in the 4th quarter valued at $2,614,000.

iShares Global Comm Services ETF Price Performance

Shares of iShares Global Comm Services ETF stock opened at $116.97 on Tuesday. iShares Global Comm Services ETF has a 1 year low of $110.78 and a 1 year high of $126.92. The firm has a market cap of $538.06 million, a PE ratio of 19.46 and a beta of 0.90. The stock has a fifty day moving average price of $119.06 and a 200-day moving average price of $119.96.

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.