iShares Global Comm Services ETF (NYSEARCA:IXP) Shares Down 0.5% – Here’s What Happened

iShares Global Comm Services ETF (NYSEARCA:IXP)’s stock price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $95.14 and last traded at $95.48. Approximately 17,752 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 15,869 shares. The stock had previously closed at $95.97.

iShares Global Comm Services ETF Stock Down 0.6 %

The firm has a fifty day moving average of $97.70 and a 200-day moving average of $93.00. The firm has a market cap of $320.33 million, a P/E ratio of 27.29 and a beta of 1.10.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IXP. Hsbc Holdings PLC bought a new position in shares of iShares Global Comm Services ETF in the second quarter valued at $66,712,000. Money Design Co. Ltd. lifted its stake in iShares Global Comm Services ETF by 6.9% in the third quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock valued at $8,014,000 after acquiring an additional 5,465 shares during the last quarter. AE Wealth Management LLC grew its position in shares of iShares Global Comm Services ETF by 22.2% in the 2nd quarter. AE Wealth Management LLC now owns 64,373 shares of the company’s stock valued at $5,715,000 after acquiring an additional 11,714 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of iShares Global Comm Services ETF during the 2nd quarter worth about $2,767,000. Finally, Quantinno Capital Management LP raised its holdings in shares of iShares Global Comm Services ETF by 16.5% in the 3rd quarter. Quantinno Capital Management LP now owns 24,456 shares of the company’s stock valued at $2,302,000 after purchasing an additional 3,469 shares during the period.

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.