iShares Global Comm Services ETF (NYSEARCA:IXP) Holdings Decreased by Destination Wealth Management

Destination Wealth Management reduced its position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,258 shares of the company’s stock after selling 1,817 shares during the period. Destination Wealth Management’s holdings in iShares Global Comm Services ETF were worth $8,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IXP. Raymond James Financial Inc. acquired a new stake in iShares Global Comm Services ETF during the 4th quarter worth about $1,238,000. SBI Securities Co. Ltd. acquired a new stake in iShares Global Comm Services ETF in the 4th quarter worth approximately $75,000. Jones Financial Companies Lllp increased its position in iShares Global Comm Services ETF by 78.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $209,000 after buying an additional 953 shares during the period. Corrado Advisors LLC increased its position in iShares Global Comm Services ETF by 1.6% in the 4th quarter. Corrado Advisors LLC now owns 33,849 shares of the company’s stock worth $3,272,000 after buying an additional 534 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in iShares Global Comm Services ETF in the 4th quarter worth approximately $34,000.

iShares Global Comm Services ETF Trading Down 1.2 %

IXP opened at $101.58 on Friday. The stock has a market cap of $421.56 million, a PE ratio of 21.95 and a beta of 0.86. iShares Global Comm Services ETF has a 1 year low of $79.70 and a 1 year high of $107.18. The stock’s 50 day simple moving average is $101.27 and its 200-day simple moving average is $96.64.

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.