Independent Advisor Alliance Purchases 169 Shares of iShares Global Comm Services ETF (NYSEARCA:IXP)

Independent Advisor Alliance boosted its holdings in iShares Global Comm Services ETF (NYSEARCA:IXP) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,392 shares of the company’s stock after buying an additional 169 shares during the quarter. Independent Advisor Alliance owned approximately 0.10% of iShares Global Comm Services ETF worth $319,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of iShares Global Comm Services ETF during the second quarter valued at $66,712,000. Money Design Co. Ltd. raised its position in iShares Global Comm Services ETF by 6.9% during the 3rd quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock worth $8,014,000 after purchasing an additional 5,465 shares during the last quarter. Jane Street Group LLC lifted its holdings in iShares Global Comm Services ETF by 22.7% during the 1st quarter. Jane Street Group LLC now owns 74,420 shares of the company’s stock worth $6,262,000 after buying an additional 13,755 shares during the period. AE Wealth Management LLC grew its position in shares of iShares Global Comm Services ETF by 22.2% in the 2nd quarter. AE Wealth Management LLC now owns 64,373 shares of the company’s stock valued at $5,715,000 after buying an additional 11,714 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of iShares Global Comm Services ETF in the second quarter valued at about $2,767,000.

iShares Global Comm Services ETF Price Performance

iShares Global Comm Services ETF stock opened at $96.62 on Friday. The stock’s 50 day moving average is $94.52 and its 200 day moving average is $90.30. iShares Global Comm Services ETF has a one year low of $71.26 and a one year high of $97.52. The firm has a market cap of $318.85 million, a P/E ratio of 27.29 and a beta of 1.10.

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.