iShares Global Comm Services ETF (NYSEARCA:IXP – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 93,089 shares were traded during mid-day trading, an increase of 153% from the previous session’s volume of 36,723 shares.The stock last traded at $111.73 and had previously closed at $115.22.
iShares Global Comm Services ETF Price Performance
The stock has a market cap of $513.22 million, a PE ratio of 19.46 and a beta of 0.90. The firm’s 50 day moving average price is $118.73 and its two-hundred day moving average price is $119.89.
Institutional Investors Weigh In On iShares Global Comm Services ETF
Several hedge funds and other institutional investors have recently modified their holdings of IXP. Pictet Asset Management Holding SA grew its stake in 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 acquiring an additional 54,800 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 valued at $33,219,000 after purchasing an additional 239,685 shares in the last quarter. HighTower Advisors LLC boosted its holdings in iShares Global Comm Services ETF by 9,233.6% during the 4th quarter. HighTower Advisors LLC now owns 153,911 shares of the company’s stock valued at $18,657,000 after acquiring an additional 152,262 shares during the period. Wells Fargo & Company MN grew its stake in shares of iShares Global Comm Services ETF by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 100,476 shares of the company’s stock worth $12,180,000 after purchasing an additional 11,843 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in iShares Global Comm Services ETF by 19.7% in the fourth 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 in the last quarter.
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.
Featured Stories
- Five stocks we like better than iShares Global Comm Services ETF
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for iShares Global Comm Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Global Comm Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
