Hsbc Holdings PLC decreased its holdings in shares of iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 4.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,077,786 shares of the company’s stock after selling 48,409 shares during the period. Hsbc Holdings PLC owned 0.18% of iShares Global Comm Services ETF worth $130,649,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of IXP. Kestra Advisory Services LLC purchased a new stake in shares of iShares Global Comm Services ETF in the 4th quarter worth approximately $31,000. AlphaCore Capital LLC boosted its position in iShares Global Comm Services ETF by 4,300.0% during the 4th quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock valued at $59,000 after acquiring an additional 473 shares in the last quarter. KCM Investment Advisors LLC purchased a new position in shares of iShares Global Comm Services ETF in the 4th quarter valued at $201,000. Csenge Advisory Group purchased a new position in shares of iShares Global Comm Services ETF in the 4th quarter valued at $213,000. Finally, Vivaldi Capital Management LP bought a new position in shares of iShares Global Comm Services ETF in the 2nd quarter worth $240,000.
iShares Global Comm Services ETF Price Performance
Shares of NYSEARCA IXP opened at $114.64 on Friday. The stock has a market capitalization of $527.34 million, a P/E ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a 1-year low of $109.50 and a 1-year high of $126.92. The business has a fifty day moving average price of $120.33 and a 200 day moving average price of $120.22.
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.
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Want to see what other hedge funds are holding IXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report).
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