iShares Global Comm Services ETF (NYSEARCA:IXP – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 348,265 shares were traded during trading, an increase of 628% from the previous session’s volume of 47,829 shares. The stock last traded at $115.21 and had previously closed at $116.24.
iShares Global Comm Services ETF Price Performance
The business has a fifty day moving average of $118.23 and a 200 day moving average of $118.77. The stock has a market cap of $593.49 million, a price-to-earnings ratio of 19.46 and a beta of 0.88.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Rockland Trust Co. bought a new position in shares of iShares Global Comm Services ETF during the third quarter worth $4,003,000. Corient Private Wealth LLC increased its holdings in shares of iShares Global Comm Services ETF by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 27,267 shares of the company’s stock worth $3,305,000 after acquiring an additional 622 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of iShares Global Comm Services ETF by 7.0% during the second quarter. Integrated Wealth Concepts LLC now owns 16,869 shares of the company’s stock worth $1,904,000 after purchasing an additional 1,101 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares Global Comm Services ETF by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,972 shares of the company’s stock valued at $1,577,000 after acquiring an additional 772 shares during the period. Finally, AMI Asset Management Corp bought a new stake in shares of iShares Global Comm Services ETF during the 3rd quarter worth $849,000.
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.
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