iShares Global Comm Services ETF (NYSEARCA:IXP) Stock Jumps 0.3% – Still a Buy?

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

iShares Global Comm Services ETF Trading Up 0.3%

The stock’s 50 day moving average price is $117.58 and its 200 day moving average price is $118.56. The firm has a market cap of $612.13 million, a PE ratio of 19.46 and a beta of 0.89.

Hedge Funds Weigh In On iShares Global Comm Services ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IXP. Envestnet Asset Management Inc. lifted its holdings in iShares Global Comm Services ETF by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,972 shares of the company’s stock worth $1,577,000 after buying an additional 772 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in iShares Global Comm Services ETF by 7.0% in the 2nd 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 during the last quarter. Capital Square LLC acquired a new stake in shares of iShares Global Comm Services ETF during the second quarter valued at about $224,000. CX Institutional grew its stake in shares of iShares Global Comm Services ETF by 3,090.2% during the second quarter. CX Institutional now owns 6,540 shares of the company’s stock valued at $738,000 after acquiring an additional 6,335 shares in the last quarter. Finally, One Charles Private Wealth Services LLC increased its position in shares of iShares Global Comm Services ETF by 6.6% during the first quarter. One Charles Private Wealth Services LLC now owns 3,545 shares of the company’s stock worth $407,000 after acquiring an additional 219 shares during the last quarter.

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.