Pictet Asset Management Holding SA Trims Stock Holdings in iShares Global Comm Services ETF $IXP

Pictet Asset Management Holding SA decreased its stake in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 40.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,310 shares of the company’s stock after selling 154,700 shares during the quarter. Pictet Asset Management Holding SA owned approximately 4.65% of iShares Global Comm Services ETF worth $25,659,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. World Investment Advisors lifted its position in shares of iShares Global Comm Services ETF by 3.0% during the fourth quarter. World Investment Advisors now owns 19,550 shares of the company’s stock valued at $2,370,000 after buying an additional 577 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of iShares Global Comm Services ETF by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 27,267 shares of the company’s stock worth $3,305,000 after acquiring an additional 622 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares Global Comm Services ETF by 5.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock valued at $291,000 after acquiring an additional 133 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in iShares Global Comm Services ETF during the 4th quarter worth approximately $588,000. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Global Comm Services ETF by 2.1% during the fourth quarter. Cetera Investment Advisers now owns 22,185 shares of the company’s stock worth $2,689,000 after buying an additional 449 shares in the last quarter.

iShares Global Comm Services ETF Stock Performance

NYSEARCA:IXP opened at $114.93 on Thursday. iShares Global Comm Services ETF has a one year low of $109.50 and a one year high of $126.92. The stock has a market cap of $528.68 million, a PE ratio of 19.46 and a beta of 0.90. The stock has a 50 day moving average price of $120.64 and a 200 day moving average price of $120.32.

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.