iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Strong Trading Volume – Here’s What Happened

iShares Global Comm Services ETF (NYSEARCA:IXP) shares saw unusually-high trading volume on Monday . Approximately 110,991 shares changed hands during trading, an increase of 204% from the previous session’s volume of 36,531 shares.The stock last traded at $114.51 and had previously closed at $117.39.

iShares Global Comm Services ETF Trading Up 0.2%

The firm has a market capitalization of $553.87 million, a PE ratio of 19.46 and a beta of 0.89. The firm has a 50-day moving average of $121.70 and a two-hundred day moving average of $120.79.

Institutional Investors Weigh In On iShares Global Comm Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in shares of iShares Global Comm Services ETF during the 4th quarter valued at $2,254,000. HighTower Advisors LLC increased its holdings in iShares Global Comm Services ETF by 9,233.6% in the 4th quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock valued at $18,657,000 after purchasing an additional 152,262 shares in the last quarter. AE Wealth Management LLC increased its holdings in iShares Global Comm Services ETF by 10.6% in the 4th quarter. AE Wealth Management LLC now owns 50,177 shares of the company’s stock valued at $6,082,000 after purchasing an additional 4,806 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in iShares Global Comm Services ETF by 21,369.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 32,634 shares of the company’s stock valued at $3,884,000 after purchasing an additional 32,482 shares during the period. Finally, Paragon Advisors LLC purchased a new position in iShares Global Comm Services ETF in the fourth quarter valued at about $2,614,000.

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.