iShares Global Comm Services ETF (NYSEARCA:IXP) Stock Position Reduced by RFG Advisory LLC

RFG Advisory LLC decreased its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 15,566 shares of the company’s stock after selling 304 shares during the quarter. RFG Advisory LLC’s holdings in iShares Global Comm Services ETF were worth $1,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IXP. Baystate Wealth Management LLC increased its stake in shares of iShares Global Comm Services ETF by 134.9% in the fourth quarter. Baystate Wealth Management LLC now owns 491 shares of the company’s stock worth $37,000 after acquiring an additional 282 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in iShares Global Comm Services ETF in the third quarter valued at about $87,000. CVA Family Office LLC acquired a new position in iShares Global Comm Services ETF in the 4th quarter worth about $146,000. Creative Financial Designs Inc. ADV raised its stake in shares of iShares Global Comm Services ETF by 12.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,261 shares of the company’s stock worth $169,000 after purchasing an additional 256 shares in the last quarter. Finally, One Charles Private Wealth Services LLC lifted its holdings in shares of iShares Global Comm Services ETF by 15.7% during the 4th quarter. One Charles Private Wealth Services LLC now owns 3,848 shares of the company’s stock valued at $287,000 after buying an additional 523 shares during the last quarter.

iShares Global Comm Services ETF Stock Performance

NYSEARCA:IXP opened at $87.93 on Friday. The company has a market capitalization of $290.17 million, a P/E ratio of 27.29 and a beta of 1.10. The stock’s 50 day moving average price is $85.76 and its 200 day moving average price is $81.57. iShares Global Comm Services ETF has a 52 week low of $65.38 and a 52 week high of $88.94.

iShares Global Comm Services ETF Company 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.