Grimes & Company Inc. Takes $480,000 Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

Grimes & Company Inc. bought a new stake in iShares Global Comm Services ETF (NYSEARCA:IXP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,961 shares of the company’s stock, valued at approximately $480,000. Grimes & Company Inc. owned 0.15% of iShares Global Comm Services ETF as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. US Bancorp DE grew its position in shares of iShares Global Comm Services ETF by 2.1% in the third quarter. US Bancorp DE now owns 6,113 shares of the company’s stock valued at $575,000 after purchasing an additional 127 shares during the period. Creative Planning acquired a new stake in shares of iShares Global Comm Services ETF in the third quarter valued at about $201,000. Money Design Co. Ltd. grew its position in shares of iShares Global Comm Services ETF by 6.9% in the third quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock valued at $8,014,000 after purchasing an additional 5,465 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in shares of iShares Global Comm Services ETF in the third quarter valued at about $437,000. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares Global Comm Services ETF by 5.3% in the third quarter. Janney Montgomery Scott LLC now owns 8,215 shares of the company’s stock valued at $773,000 after purchasing an additional 410 shares during the period.

iShares Global Comm Services ETF Stock Up 1.1 %

Shares of NYSEARCA IXP opened at $101.12 on Friday. The firm has a market cap of $333.70 million, a price-to-earnings ratio of 27.29 and a beta of 1.10. iShares Global Comm Services ETF has a 52-week low of $77.47 and a 52-week high of $102.50. The company’s 50-day simple moving average is $98.05 and its 200-day simple moving average is $93.39.

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.