iShares Global Comm Services ETF (NYSEARCA:IXP) Trading Down 0.5% – Here’s Why

iShares Global Comm Services ETF (NYSEARCA:IXP)’s share price were down 0.5% on Tuesday . The stock 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 company’s fifty day moving average price is $97.70 and its two-hundred day moving average price is $93.00. The company has a market cap of $320.33 million, a price-to-earnings ratio of 27.29 and a beta of 1.10.

Hedge Funds Weigh In On iShares Global Comm Services ETF

A number of large investors have recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of iShares Global Comm Services ETF during the third quarter worth about $201,000. HighTower Advisors LLC acquired a new position in iShares Global Comm Services ETF during the 3rd quarter worth approximately $267,000. Commonwealth Equity Services LLC grew its stake in shares of iShares Global Comm Services ETF by 7.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,253 shares of the company’s stock worth $289,000 after acquiring an additional 214 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of iShares Global Comm Services ETF by 5.2% in the third quarter. Independent Advisor Alliance now owns 3,392 shares of the company’s stock valued at $319,000 after purchasing an additional 169 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in iShares Global Comm Services ETF during the third quarter worth $437,000.

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.