HighTower Advisors LLC Trims Stock Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

HighTower Advisors LLC cut its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,564 shares of the company’s stock after selling 255 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IXP. Integrated Wealth Concepts LLC raised its stake in iShares Global Comm Services ETF by 15.8% in the third quarter. Integrated Wealth Concepts LLC now owns 14,426 shares of the company’s stock worth $1,358,000 after buying an additional 1,965 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of iShares Global Comm Services ETF by 16.5% in the 3rd quarter. Quantinno Capital Management LP now owns 24,456 shares of the company’s stock worth $2,302,000 after acquiring an additional 3,469 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of iShares Global Comm Services ETF by 4.2% in the 3rd quarter. MML Investors Services LLC now owns 8,395 shares of the company’s stock valued at $790,000 after purchasing an additional 336 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares Global Comm Services ETF by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 11,183 shares of the company’s stock valued at $1,053,000 after purchasing an additional 443 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in iShares Global Comm Services ETF by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,584 shares of the company’s stock worth $830,000 after purchasing an additional 369 shares during the period.

iShares Global Comm Services ETF Trading Down 0.2 %

IXP opened at $97.51 on Thursday. iShares Global Comm Services ETF has a 12-month low of $79.70 and a 12-month high of $107.18. The company has a market cap of $346.16 million, a price-to-earnings ratio of 20.08 and a beta of 0.87. The stock has a fifty day simple moving average of $101.98 and a two-hundred day simple moving average of $98.11.

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.