NewEdge Advisors LLC Sells 24,140 Shares of iShares Global Comm Services ETF $IXP

NewEdge Advisors LLC trimmed its position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 74.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,091 shares of the company’s stock after selling 24,140 shares during the quarter. NewEdge Advisors LLC owned 0.17% of iShares Global Comm Services ETF worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of IXP. HighTower Advisors LLC boosted its stake in shares of 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 holdings 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 valued at $3,884,000 after purchasing an additional 32,482 shares during the last quarter. IFP Advisors Inc raised its position in iShares Global Comm Services ETF by 30,089.6% in the 4th quarter. IFP Advisors Inc now owns 52,228 shares of the company’s stock worth $6,331,000 after purchasing an additional 52,055 shares during the period. Pictet Asset Management Holding SA raised its position in iShares Global Comm Services ETF by 16.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 385,010 shares of the company’s stock worth $46,632,000 after purchasing an additional 54,800 shares during the period. Finally, Csenge Advisory Group bought a new stake in iShares Global Comm Services ETF in the fourth quarter worth about $213,000.

iShares Global Comm Services ETF Price Performance

Shares of NYSEARCA IXP opened at $115.57 on Wednesday. iShares Global Comm Services ETF has a 1 year low of $110.89 and a 1 year high of $126.92. The firm has a 50-day simple moving average of $116.18 and a two-hundred day simple moving average of $119.21. The company has a market cap of $560.51 million, a P/E ratio of 19.46 and a beta of 0.90.

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.