Laurel Wealth Advisors LLC Has $243,000 Position in iShares Global Comm Services ETF $IXP

Laurel Wealth Advisors LLC grew its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 10,705.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,161 shares of the company’s stock after purchasing an additional 2,141 shares during the period. Laurel Wealth Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IXP. Parkside Financial Bank & Trust bought a new stake in shares of iShares Global Comm Services ETF in the 2nd quarter valued at $52,000. SBI Securities Co. Ltd. grew its stake in iShares Global Comm Services ETF by 19.7% in the second quarter. SBI Securities Co. Ltd. now owns 952 shares of the company’s stock valued at $107,000 after acquiring an additional 157 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares Global Comm Services ETF by 104.8% in the second quarter. Parallel Advisors LLC now owns 1,270 shares of the company’s stock worth $143,000 after acquiring an additional 650 shares in the last quarter. Capital Square LLC bought a new stake in shares of iShares Global Comm Services ETF in the second quarter worth about $209,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of iShares Global Comm Services ETF during the second quarter worth about $210,000.

iShares Global Comm Services ETF Stock Performance

Shares of IXP opened at $124.62 on Friday. The stock has a 50 day simple moving average of $122.52 and a 200 day simple moving average of $116.29. iShares Global Comm Services ETF has a 52-week low of $86.38 and a 52-week high of $126.92. The firm has a market capitalization of $866.11 million, a PE ratio of 19.46 and a beta of 0.87.

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.