NewEdge Advisors LLC Cuts Position in iShares Global Comm Services ETF $IXP

NewEdge Advisors LLC trimmed its holdings in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 74.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,091 shares of the company’s stock after selling 24,140 shares during the period. NewEdge Advisors LLC owned about 0.17% of iShares Global Comm Services ETF worth $929,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IXP. One Charles Private Wealth Services LLC increased its holdings in iShares Global Comm Services ETF by 6.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 3,545 shares of the company’s stock valued at $407,000 after purchasing an additional 219 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 244 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 345 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of iShares Global Comm Services ETF by 49.0% in the first quarter. Sanctuary Advisors LLC now owns 2,662 shares of the company’s stock worth $306,000 after buying an additional 876 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of iShares Global Comm Services ETF by 31.2% in the first quarter. Fifth Third Bancorp now owns 1,854 shares of the company’s stock valued at $213,000 after buying an additional 441 shares in the last quarter.

iShares Global Comm Services ETF Stock Performance

Shares of NYSEARCA:IXP opened at $114.98 on Monday. The business’s 50-day simple moving average is $117.34 and its 200 day simple moving average is $119.50. The company has a market cap of $557.65 million, a P/E ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a one year low of $110.89 and a one year high of $126.92.

iShares Global Comm Services ETF Company 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.