Avantax Advisory Services Inc. Sells 277 Shares of iShares Global Comm Services ETF (NYSEARCA:IXP)

Avantax Advisory Services Inc. lowered its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,602 shares of the company’s stock after selling 277 shares during the period. Avantax Advisory Services Inc. owned 0.55% of iShares Global Comm Services ETF worth $1,902,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of iShares Global Comm Services ETF during the 4th quarter valued at $1,238,000. LPL Financial LLC boosted its holdings in shares of iShares Global Comm Services ETF by 1.2% during the 4th quarter. LPL Financial LLC now owns 56,143 shares of the company’s stock valued at $5,427,000 after buying an additional 658 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Global Comm Services ETF by 8.4% during the 4th quarter. JPMorgan Chase & Co. now owns 12,120 shares of the company’s stock valued at $1,172,000 after buying an additional 937 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of iShares Global Comm Services ETF by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 66,649 shares of the company’s stock valued at $6,443,000 after buying an additional 8,714 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of iShares Global Comm Services ETF by 2.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,836 shares of the company’s stock valued at $854,000 after buying an additional 223 shares in the last quarter.

iShares Global Comm Services ETF Trading Down 0.1%

Shares of IXP stock opened at $111.78 on Thursday. The stock has a market cap of $542.13 million, a PE ratio of 19.46 and a beta of 0.86. iShares Global Comm Services ETF has a 12 month low of $82.18 and a 12 month high of $114.34. The company’s fifty day moving average price is $109.16 and its 200-day moving average price is $102.98.

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.