Meridian Investment Counsel Inc. Purchases New Stake in iShares Global Comm Services ETF $IXP

Meridian Investment Counsel Inc. purchased a new stake in iShares Global Comm Services ETF (NYSEARCA:IXP) in the third quarter, Holdings Channel reports. The firm purchased 6,250 shares of the company’s stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IXP. Rockland Trust Co. purchased a new position in iShares Global Comm Services ETF during the 3rd quarter worth $4,003,000. Corient Private Wealth LLC raised its position in iShares Global Comm Services ETF by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 27,267 shares of the company’s stock valued at $3,305,000 after purchasing an additional 622 shares in the last quarter. World Investment Advisors raised its position in iShares Global Comm Services ETF by 3.0% during the 4th quarter. World Investment Advisors now owns 19,550 shares of the company’s stock valued at $2,370,000 after purchasing an additional 577 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares Global Comm Services ETF by 7.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,869 shares of the company’s stock worth $1,904,000 after buying an additional 1,101 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares Global Comm Services ETF by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,972 shares of the company’s stock worth $1,577,000 after buying an additional 772 shares during the period.

iShares Global Comm Services ETF Trading Down 1.5%

Shares of IXP stock opened at $117.42 on Thursday. iShares Global Comm Services ETF has a twelve month low of $110.89 and a twelve month high of $126.77. The stock has a fifty day simple moving average of $118.27 and a two-hundred day simple moving average of $118.66. The stock has a market capitalization of $604.71 million, a price-to-earnings ratio of 19.46 and a beta of 0.88.

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.