Grimes & Company Inc. purchased a new stake in iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) during the fourth quarter, Holdings Channel reports. The fund purchased 4,961 shares of the company’s stock, valued at approximately $480,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning purchased a new stake in shares of iShares Global Comm Services ETF in the 3rd quarter valued at approximately $201,000. HighTower Advisors LLC purchased a new stake in shares of iShares Global Comm Services ETF in the 3rd quarter valued at approximately $267,000. Independent Advisor Alliance raised its stake in shares of iShares Global Comm Services ETF by 5.2% in the 3rd quarter. Independent Advisor Alliance now owns 3,392 shares of the company’s stock valued at $319,000 after acquiring an additional 169 shares during the period. Gladstone Institutional Advisory LLC purchased a new stake in shares of iShares Global Comm Services ETF in the 3rd quarter valued at approximately $437,000. Finally, US Bancorp DE raised its stake in shares of iShares Global Comm Services ETF by 2.1% in the 3rd quarter. US Bancorp DE now owns 6,113 shares of the company’s stock valued at $575,000 after acquiring an additional 127 shares during the period.
iShares Global Comm Services ETF Stock Performance
iShares Global Comm Services ETF stock opened at $101.12 on Friday. The company’s 50 day simple moving average is $98.05 and its 200-day simple moving average is $93.39. The company has a market capitalization of $333.70 million, a price-to-earnings ratio of 27.29 and a beta of 1.10. iShares Global Comm Services ETF has a 1 year low of $77.47 and a 1 year high of $102.50.
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.
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