UBS Group AG Has $2.60 Million Stock Position in iShares Global Comm Services ETF $IXP

UBS Group AG lowered its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 19.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,407 shares of the company’s stock after selling 5,275 shares during the period. UBS Group AG owned approximately 0.37% of iShares Global Comm Services ETF worth $2,595,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in iShares Global Comm Services ETF in the 3rd quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares Global Comm Services ETF in the 3rd quarter valued at about $99,000. Fifth Third Bancorp boosted its holdings in iShares Global Comm Services ETF by 27.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,413 shares of the company’s stock valued at $175,000 after purchasing an additional 305 shares during the period. Sightline Wealth Advisors LLC bought a new stake in iShares Global Comm Services ETF in the 4th quarter valued at about $245,000. Finally, Vivaldi Capital Management LP bought a new stake in iShares Global Comm Services ETF in the 2nd quarter valued at about $240,000.

iShares Global Comm Services ETF Stock Up 1.0%

NYSEARCA IXP opened at $124.44 on Wednesday. The company has a market capitalization of $603.53 million, a P/E ratio of 19.46 and a beta of 0.90. iShares Global Comm Services ETF has a 12-month low of $104.40 and a 12-month high of $126.92. The firm has a 50-day moving average price of $120.21 and a two-hundred day moving average price of $121.09.

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.