iShares Global Comm Services ETF $IXP Shares Sold by Destination Wealth Management

Destination Wealth Management trimmed its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 8.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 72,958 shares of the company’s stock after selling 6,748 shares during the period. Destination Wealth Management’s holdings in iShares Global Comm Services ETF were worth $8,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in iShares Global Comm Services ETF during the 4th quarter worth about $2,254,000. AE Wealth Management LLC grew its position in iShares Global Comm Services ETF by 10.6% during the 4th quarter. AE Wealth Management LLC now owns 50,177 shares of the company’s stock worth $6,082,000 after purchasing an additional 4,806 shares during the period. HighTower Advisors LLC grew its position 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 worth $18,657,000 after purchasing an additional 152,262 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares Global Comm Services ETF by 21,369.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 32,634 shares of the company’s stock worth $3,884,000 after purchasing an additional 32,482 shares during the period. Finally, Paragon Advisors LLC acquired a new stake in iShares Global Comm Services ETF during the 4th quarter worth about $2,614,000.

iShares Global Comm Services ETF Stock Performance

Shares of IXP opened at $119.20 on Friday. The business’s 50-day moving average is $121.66 and its two-hundred day moving average is $121.16. The company has a market capitalization of $578.12 million, a P/E ratio of 19.46 and a beta of 0.89. iShares Global Comm Services ETF has a fifty-two week low of $105.82 and a fifty-two week high of $126.92.

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.