Pictet Asset Management Holding SA cut its position in iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 29.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,000 shares of the company’s stock after selling 19,000 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Global Comm Services ETF were worth $4,350,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of IXP. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of iShares Global Comm Services ETF in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new stake in shares of iShares Global Comm Services ETF during the fourth quarter worth $75,000. Jones Financial Companies Lllp grew its holdings in shares of iShares Global Comm Services ETF by 78.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $209,000 after buying an additional 953 shares in the last quarter. Independent Solutions Wealth Management LLC acquired a new stake in shares of iShares Global Comm Services ETF in the fourth quarter valued at approximately $234,000. Finally, HighTower Advisors LLC bought a new stake in iShares Global Comm Services ETF during the 3rd quarter worth about $267,000.
iShares Global Comm Services ETF Trading Down 5.0 %
NYSEARCA IXP opened at $89.52 on Friday. The company has a market cap of $317.80 million, a PE ratio of 20.08 and a beta of 0.87. iShares Global Comm Services ETF has a 12 month low of $79.70 and a 12 month high of $107.18. The stock has a 50 day moving average of $101.63 and a 200-day moving average of $98.08.
iShares Global Comm Services ETF 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.
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