iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Large Volume Increase – Here’s Why

iShares Global Comm Services ETF (NYSEARCA:IXPGet Free Report) saw an uptick in trading volume on Thursday . Approximately 93,089 shares changed hands during trading, an increase of 153% from the previous session’s volume of 36,723 shares.The stock last traded at $111.73 and had previously closed at $115.22.

iShares Global Comm Services ETF Trading Down 3.2%

The stock’s 50 day moving average is $118.73 and its 200-day moving average is $119.89. The company has a market cap of $513.22 million, a P/E ratio of 19.46 and a beta of 0.90.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of iShares Global Comm Services ETF during the 4th quarter valued at $31,000. Goodman Advisory Group LLC purchased a new position in shares of iShares Global Comm Services ETF in the 1st quarter worth $40,000. AlphaCore Capital LLC grew its position in iShares Global Comm Services ETF by 4,300.0% in the fourth quarter. AlphaCore Capital LLC now owns 484 shares of the company’s stock worth $59,000 after acquiring an additional 473 shares in the last quarter. Parallel Advisors LLC increased its position in shares of iShares Global Comm Services ETF by 19.2% during the 1st quarter. Parallel Advisors LLC now owns 1,514 shares of the company’s stock valued at $174,000 after purchasing an additional 244 shares during the last quarter. Finally, KCM Investment Advisors LLC bought a new position in iShares Global Comm Services ETF during the 4th quarter valued at about $201,000.

iShares Global Comm Services ETF Company Profile

(Get Free Report)

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.

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