Well Done LLC Invests $598,000 in iShares Global Comm Services ETF $IXP

Well Done LLC bought a new position in iShares Global Comm Services ETF (NYSEARCA:IXP) during the third quarter, Holdings Channel reports. The firm bought 4,841 shares of the company’s stock, valued at approximately $598,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. PGIM Custom Harvest LLC grew its position in iShares Global Comm Services ETF by 25.3% in the 2nd quarter. PGIM Custom Harvest LLC now owns 399,185 shares of the company’s stock worth $44,836,000 after purchasing an additional 80,560 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of iShares Global Comm Services ETF during the 2nd quarter worth approximately $78,708,000. Flow Traders U.S. LLC boosted its stake in shares of iShares Global Comm Services ETF by 50.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 41,874 shares of the company’s stock worth $4,703,000 after buying an additional 14,067 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of iShares Global Comm Services ETF in the 2nd quarter worth approximately $1,736,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of iShares Global Comm Services ETF in the second quarter valued at approximately $270,000.

iShares Global Comm Services ETF Trading Down 0.3%

Shares of IXP opened at $120.71 on Thursday. The stock has a 50 day moving average of $121.75 and a 200 day moving average of $119.81. The company has a market capitalization of $736.33 million, a price-to-earnings ratio of 19.46 and a beta of 0.87. iShares Global Comm Services ETF has a 12 month low of $86.38 and a 12 month 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.