iShares Global Comm Services ETF $IXP Shares Sold by Destination Wealth Management

Destination Wealth Management cut its holdings in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,958 shares of the company’s stock after selling 6,748 shares during the period. Destination Wealth Management owned 1.25% of iShares Global Comm Services ETF worth $8,844,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IXP. Kestra Advisory Services LLC acquired a new position in shares of iShares Global Comm Services ETF during the fourth quarter worth $31,000. Smartleaf Asset Management LLC acquired a new position in shares of iShares Global Comm Services ETF during the third quarter worth $33,000. 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. Fifth Third Bancorp increased its position in shares of iShares Global Comm Services ETF by 27.5% during the third quarter. Fifth Third Bancorp now owns 1,413 shares of the company’s stock worth $175,000 after purchasing an additional 305 shares in the last quarter. Finally, Csenge Advisory Group acquired a new position in shares of iShares Global Comm Services ETF in the 4th quarter valued at $213,000.

iShares Global Comm Services ETF Price Performance

NYSEARCA IXP opened at $119.20 on Friday. The stock’s fifty day moving average price is $121.66 and its 200 day moving average price is $121.16. iShares Global Comm Services ETF has a 1 year low of $105.82 and a 1 year high of $126.92. The company has a market cap of $578.12 million, a price-to-earnings ratio of 19.46 and a beta of 0.89.

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.