Corrado Advisors LLC lowered its holdings in iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,874 shares of the company’s stock after selling 6,675 shares during the quarter. iShares Global Comm Services ETF accounts for about 1.9% of Corrado Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Corrado Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $3,661,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pictet Asset Management Holding SA boosted its position in shares of iShares Global Comm Services ETF by 16.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock valued at $46,632,000 after buying an additional 54,800 shares during the last quarter. Bank of America Corp DE raised its position in iShares Global Comm Services ETF by 427.5% in the 2nd quarter. Bank of America Corp DE now owns 295,753 shares of the company’s stock worth $33,219,000 after buying an additional 239,685 shares during the last quarter. HighTower Advisors LLC raised its position 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 worth $18,657,000 after buying an additional 152,262 shares during the last quarter. Wells Fargo & Company MN lifted its stake in iShares Global Comm Services ETF by 13.4% during the 4th quarter. Wells Fargo & Company MN now owns 100,476 shares of the company’s stock valued at $12,180,000 after acquiring an additional 11,843 shares during the period. Finally, LPL Financial LLC lifted its stake in iShares Global Comm Services ETF by 19.7% during the 4th quarter. LPL Financial LLC now owns 88,079 shares of the company’s stock valued at $10,677,000 after acquiring an additional 14,508 shares during the period.
iShares Global Comm Services ETF Stock Up 1.4%
Shares of NYSEARCA IXP opened at $118.14 on Friday. The company has a market cap of $543.44 million, a PE ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a 52-week low of $109.50 and a 52-week high of $126.92. The firm’s 50-day moving average price is $119.80 and its 200-day moving average price is $120.10.
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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