iShares Global Comm Services ETF (NYSEARCA:IXP) Stock Price Up 0.3% – Here’s What Happened

iShares Global Comm Services ETF (NYSEARCA:IXP) shares were up 0.3% during mid-day trading on Tuesday. The stock traded as high as $118.88 and last traded at $118.86. Approximately 15,891 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 42,335 shares. The stock had previously closed at $118.55.

iShares Global Comm Services ETF Stock Down 0.8%

The company’s 50-day moving average is $117.64 and its 200 day moving average is $118.55. The company has a market cap of $604.25 million, a price-to-earnings ratio of 19.46 and a beta of 0.89.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of institutional investors have recently modified their holdings of the business. CX Institutional raised its holdings in iShares Global Comm Services ETF by 3,090.2% in the 2nd quarter. CX Institutional now owns 6,540 shares of the company’s stock worth $738,000 after purchasing an additional 6,335 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of iShares Global Comm Services ETF by 7.0% in the second quarter. Integrated Wealth Concepts LLC now owns 16,869 shares of the company’s stock valued at $1,904,000 after buying an additional 1,101 shares in the last quarter. Capital Square LLC acquired a new position in shares of iShares Global Comm Services ETF during the 2nd quarter worth approximately $224,000. Parallel Advisors LLC raised its position in iShares Global Comm Services ETF by 19.2% during the first quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after acquiring an additional 244 shares during the period. Finally, Bessemer Group Inc. raised its position in iShares Global Comm Services ETF by 6.7% during the first quarter. Bessemer Group Inc. now owns 5,487 shares of the company’s stock worth $630,000 after acquiring an additional 345 shares during the period.

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.