JPMorgan Chase & Co. cut its position in iShares Global Comm Services ETF (NYSEARCA:IXP – Free Report) by 23.9% in the third quarter, HoldingsChannel.com reports. The firm owned 19,168 shares of the company’s stock after selling 6,015 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Global Comm Services ETF were worth $2,369,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in IXP. Smartleaf Asset Management LLC bought a new position in iShares Global Comm Services ETF in the third quarter worth about $33,000. Global Retirement Partners LLC raised its holdings in iShares Global Comm Services ETF by 649.4% in the third quarter. Global Retirement Partners LLC now owns 577 shares of the company’s stock worth $71,000 after purchasing an additional 500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Comm Services ETF in the third quarter worth about $99,000. Fifth Third Bancorp raised its holdings in iShares Global Comm Services ETF by 27.5% in the third quarter. Fifth Third Bancorp now owns 1,413 shares of the company’s stock worth $175,000 after purchasing an additional 305 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new position in iShares Global Comm Services ETF in the second quarter worth about $240,000.
iShares Global Comm Services ETF Stock Performance
Shares of iShares Global Comm Services ETF stock opened at $115.25 on Tuesday. The company has a market capitalization of $570.49 million, a PE ratio of 19.46 and a beta of 0.87. The company has a 50-day simple moving average of $119.66 and a two-hundred day simple moving average of $121.27. iShares Global Comm Services ETF has a one year low of $86.38 and a one year high of $126.92.
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.
Further Reading
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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