Slow Capital Inc. Trims Stake in iShares Global Comm Services ETF (NYSEARCA:IXP)

Slow Capital Inc. lessened its holdings in iShares Global Comm Services ETF (NYSEARCA:IXP) by 16.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,090 shares of the company’s stock after selling 4,132 shares during the period. Slow Capital Inc. owned 0.59% of iShares Global Comm Services ETF worth $2,046,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IXP. Raymond James Financial Inc. purchased a new stake in iShares Global Comm Services ETF in the 4th quarter worth $1,238,000. Independent Solutions Wealth Management LLC purchased a new stake in iShares Global Comm Services ETF in the 4th quarter worth $234,000. LPL Financial LLC increased its stake in iShares Global Comm Services ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 56,143 shares of the company’s stock worth $5,427,000 after buying an additional 658 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Global Comm Services ETF by 8.4% in the 4th quarter. JPMorgan Chase & Co. now owns 12,120 shares of the company’s stock worth $1,172,000 after buying an additional 937 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in iShares Global Comm Services ETF by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 66,649 shares of the company’s stock worth $6,443,000 after buying an additional 8,714 shares in the last quarter.

iShares Global Comm Services ETF Stock Down 0.5%

Shares of iShares Global Comm Services ETF stock opened at $110.00 on Monday. The firm has a market cap of $533.50 million, a price-to-earnings ratio of 19.46 and a beta of 0.86. The business has a 50-day moving average price of $106.77 and a 200-day moving average price of $101.75. iShares Global Comm Services ETF has a twelve month low of $82.18 and a twelve month high of $112.51.

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.