Meridian Investment Counsel Inc. Decreases Stock Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

Meridian Investment Counsel Inc. decreased its holdings in iShares Global Comm Services ETF (NYSEARCA:IXP) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the company’s stock after selling 400 shares during the period. Meridian Investment Counsel Inc. owned approximately 0.20% of iShares Global Comm Services ETF worth $631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IXP. Creative Planning acquired a new position in shares of iShares Global Comm Services ETF in the 3rd quarter valued at $201,000. CX Institutional acquired a new stake in iShares Global Comm Services ETF in the second quarter valued at $233,000. Commonwealth Equity Services LLC boosted its holdings in iShares Global Comm Services ETF by 7.0% in the second quarter. Commonwealth Equity Services LLC now owns 3,253 shares of the company’s stock valued at $289,000 after purchasing an additional 214 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of iShares Global Comm Services ETF in the 3rd quarter valued at $437,000. Finally, US Bancorp DE increased its position in shares of iShares Global Comm Services ETF by 2.1% during the third quarter. US Bancorp DE now owns 6,113 shares of the company’s stock worth $575,000 after purchasing an additional 127 shares in the last quarter.

iShares Global Comm Services ETF Trading Down 1.3 %

IXP stock opened at $94.86 on Friday. The company has a market capitalization of $313.04 million, a P/E ratio of 27.29 and a beta of 1.10. iShares Global Comm Services ETF has a twelve month low of $71.26 and a twelve month high of $97.52. The business has a 50 day simple moving average of $93.38 and a 200-day simple moving average of $89.62.

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.