iShares Global Comm Services ETF (NYSEARCA:IXP) Shares Down 0.5% – Should You Sell?

iShares Global Comm Services ETF (NYSEARCA:IXPGet Free Report)’s stock price dropped 0.5% during mid-day trading on Tuesday . The company traded as low as $95.14 and last traded at $95.48. 17,752 shares were traded during mid-day trading, an increase of 12% from the average session volume of 15,869 shares. The stock had previously closed at $95.97.

iShares Global Comm Services ETF Trading Down 0.5 %

The company has a market cap of $315.08 million, a PE ratio of 27.29 and a beta of 1.10. The firm has a fifty day moving average of $97.65 and a two-hundred day moving average of $92.89.

Institutional Investors Weigh In On iShares Global Comm Services ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IXP. US Bancorp DE grew its position in shares of iShares Global Comm Services ETF by 2.1% in the third quarter. US Bancorp DE now owns 6,113 shares of the company’s stock valued at $575,000 after purchasing an additional 127 shares in the last quarter. Creative Planning purchased a new position in iShares Global Comm Services ETF during the 3rd quarter valued at about $201,000. EverSource Wealth Advisors LLC bought a new stake in shares of iShares Global Comm Services ETF during the second quarter valued at about $2,767,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of iShares Global Comm Services ETF in the third quarter worth about $437,000. Finally, Money Design Co. Ltd. boosted its position in shares of iShares Global Comm Services ETF by 6.9% in the third quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock valued at $8,014,000 after acquiring an additional 5,465 shares during the period.

iShares Global Comm Services ETF Company Profile

(Get Free Report)

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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