iShares Global Comm Services ETF (NYSEARCA:IXP – Get Free Report) shares saw strong trading volume on Monday . 303,485 shares were traded during mid-day trading, an increase of 700% from the previous session’s volume of 37,951 shares.The stock last traded at $117.25 and had previously closed at $116.45.
iShares Global Comm Services ETF Trading Up 0.7%
The firm has a market cap of $568.66 million, a price-to-earnings ratio of 19.46 and a beta of 0.90. The company has a fifty day moving average price of $116.03 and a 200-day moving average price of $119.01.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in iShares Global Comm Services ETF in the 4th quarter worth about $31,000. Goodman Advisory Group LLC acquired a new stake in shares of iShares Global Comm Services ETF in the first quarter worth approximately $40,000. AlphaCore Capital LLC increased its position in shares of iShares Global Comm Services ETF by 4,300.0% during the fourth quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock worth $59,000 after purchasing an additional 473 shares in the last quarter. Parallel Advisors LLC raised its stake in iShares Global Comm Services ETF by 19.2% in the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock valued at $174,000 after purchasing an additional 244 shares during the last quarter. Finally, KCM Investment Advisors LLC acquired a new position in iShares Global Comm Services ETF in the 4th quarter valued at $201,000.
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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