Shares of iShares Global Comm Services ETF (NYSEARCA:IXP – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 111,616 shares were traded during trading, an increase of 169% from the previous session’s volume of 41,467 shares. The stock last traded at $117.33 and had previously closed at $119.25.
iShares Global Comm Services ETF Stock Performance
The business has a 50 day moving average price of $118.28 and a two-hundred day moving average price of $118.62. The stock has a market cap of $604.66 million, a PE ratio of 19.46 and a beta of 0.88.
Institutional Investors Weigh In On iShares Global Comm Services ETF
Several large investors have recently made changes to their positions in IXP. Goodman Advisory Group LLC bought a new position in shares of iShares Global Comm Services ETF during the 1st quarter valued at approximately $40,000. Parallel Advisors LLC raised its holdings in shares of iShares Global Comm Services ETF by 19.2% in the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock worth $174,000 after purchasing an additional 244 shares during the period. KCM Investment Advisors LLC bought a new stake in shares of iShares Global Comm Services ETF in the 4th quarter worth approximately $201,000. Fifth Third Bancorp lifted its stake in 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 purchasing an additional 441 shares during the last quarter. Finally, Capital Square LLC purchased a new position in iShares Global Comm Services ETF in the second quarter valued at approximately $224,000.
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.
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