Paragon Advisors LLC Invests $2.61 Million in iShares Global Comm Services ETF $IXP

Paragon Advisors LLC bought a new position in iShares Global Comm Services ETF (NYSEARCA:IXP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,567 shares of the company’s stock, valued at approximately $2,614,000.

A number of other institutional investors have also recently bought and sold shares of IXP. Smartleaf Asset Management LLC acquired a new position in iShares Global Comm Services ETF during the third quarter worth approximately $33,000. Global Retirement Partners LLC boosted its holdings in shares of iShares Global Comm Services ETF by 649.4% in the 3rd quarter. Global Retirement Partners LLC now owns 577 shares of the company’s stock valued at $71,000 after purchasing an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares Global Comm Services ETF during the 3rd quarter valued at $99,000. Fifth Third Bancorp grew its stake in shares of iShares Global Comm Services ETF by 27.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,413 shares of the company’s stock valued at $175,000 after buying an additional 305 shares during the period. Finally, Vivaldi Capital Management LP acquired a new stake in shares of iShares Global Comm Services ETF during the 2nd quarter worth $240,000.

iShares Global Comm Services ETF Stock Up 0.5%

IXP stock opened at $115.65 on Thursday. The company has a market cap of $676.55 million, a price-to-earnings ratio of 19.46 and a beta of 0.87. The business has a fifty day simple moving average of $120.67 and a 200-day simple moving average of $121.91. iShares Global Comm Services ETF has a 52 week low of $86.38 and a 52 week high of $126.92.

iShares Global Comm Services ETF 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.