NewEdge Advisors LLC lowered its stake in shares of iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 74.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,091 shares of the company’s stock after selling 24,140 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $929,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in IXP. Kestra Advisory Services LLC acquired a new position in iShares Global Comm Services ETF during the 4th quarter worth $31,000. Goodman Advisory Group LLC acquired a new position in iShares Global Comm Services ETF in the first quarter worth about $40,000. AlphaCore Capital LLC increased its holdings in iShares Global Comm Services ETF by 4,300.0% in the fourth quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock valued at $59,000 after buying an additional 473 shares during the last quarter. Parallel Advisors LLC lifted its holdings in iShares Global Comm Services ETF by 19.2% during the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after buying an additional 244 shares during the last quarter. Finally, KCM Investment Advisors LLC bought a new position in iShares Global Comm Services ETF during the 4th quarter worth approximately $201,000.
iShares Global Comm Services ETF Stock Performance
Shares of NYSEARCA IXP opened at $114.98 on Monday. The company has a market capitalization of $557.65 million, a price-to-earnings ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a twelve month low of $110.89 and a twelve month high of $126.92. The business has a 50 day simple moving average of $117.34 and a 200-day simple moving average of $119.50.
About iShares Global Comm Services ETF
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.
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