Hsbc Holdings PLC Sells 48,409 Shares of iShares Global Comm Services ETF $IXP

Hsbc Holdings PLC trimmed its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,077,786 shares of the company’s stock after selling 48,409 shares during the period. Hsbc Holdings PLC owned 18.42% of iShares Global Comm Services ETF worth $130,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Pictet Asset Management Holding SA increased its holdings in shares of 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 buying an additional 54,800 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Global Comm Services ETF by 427.5% during the second quarter. Bank of America Corp DE now owns 295,753 shares of the company’s stock valued at $33,219,000 after purchasing an additional 239,685 shares during the period. HighTower Advisors LLC grew its holdings in shares of iShares Global Comm Services ETF by 9,233.6% in the fourth 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 last quarter. Wells Fargo & Company MN grew its holdings in shares of iShares Global Comm Services ETF by 13.4% in the fourth quarter. Wells Fargo & Company MN now owns 100,476 shares of the company’s stock worth $12,180,000 after purchasing an additional 11,843 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of iShares Global Comm Services ETF by 19.7% in the fourth quarter. LPL Financial LLC now owns 88,079 shares of the company’s stock worth $10,677,000 after buying an additional 14,508 shares during the period.

iShares Global Comm Services ETF Price Performance

NYSEARCA:IXP opened at $114.64 on Friday. The firm has a market capitalization of $527.34 million, a P/E ratio of 19.46 and a beta of 0.90. The company has a fifty day moving average of $120.33 and a 200 day moving average of $120.22. iShares Global Comm Services ETF has a 52 week low of $109.50 and a 52 week high of $126.92.

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.