Wells Fargo & Company MN lifted its holdings in shares of iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 15.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 66,649 shares of the company’s stock after buying an additional 8,714 shares during the period. Wells Fargo & Company MN’s holdings in iShares Global Comm Services ETF were worth $6,443,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC bought a new stake in iShares Global Comm Services ETF during the fourth quarter worth about $1,263,000. Raymond James Financial Inc. acquired a new stake in shares of iShares Global Comm Services ETF in the 4th quarter valued at approximately $1,238,000. Grimes & Company Inc. bought a new position in shares of iShares Global Comm Services ETF in the fourth quarter valued at $480,000. Money Design Co. Ltd. increased its holdings in iShares Global Comm Services ETF by 5.5% during the fourth quarter. Money Design Co. Ltd. now owns 89,847 shares of the company’s stock worth $8,741,000 after buying an additional 4,706 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in iShares Global Comm Services ETF during the third quarter worth $267,000.
iShares Global Comm Services ETF Price Performance
Shares of IXP opened at $92.87 on Friday. The company has a market cap of $329.69 million, a PE ratio of 18.77 and a beta of 0.88. The firm has a 50-day moving average of $98.96 and a 200-day moving average of $98.04. iShares Global Comm Services ETF has a one year low of $79.70 and a one year high of $107.18.
iShares Global Comm Services ETF 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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