NewEdge Advisors LLC Sells 24,140 Shares of iShares Global Comm Services ETF $IXP

NewEdge Advisors LLC reduced its stake in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 74.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,091 shares of the company’s stock after selling 24,140 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $929,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IXP. Jane Street Group LLC increased its stake in iShares Global Comm Services ETF by 56.7% in the 1st quarter. Jane Street Group LLC now owns 30,256 shares of the company’s stock worth $2,935,000 after buying an additional 10,943 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Global Comm Services ETF by 21.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,183 shares of the company’s stock valued at $2,829,000 after buying an additional 4,397 shares during the period. Cerity Partners LLC boosted its position in iShares Global Comm Services ETF by 4.7% in the 2nd quarter. Cerity Partners LLC now owns 18,011 shares of the company’s stock valued at $2,023,000 after buying an additional 801 shares during the period. Vivaldi Capital Management LP purchased a new stake in iShares Global Comm Services ETF in the 2nd quarter valued at about $240,000. Finally, Quantinno Capital Management LP grew its stake in iShares Global Comm Services ETF by 1.6% in the 2nd quarter. Quantinno Capital Management LP now owns 36,252 shares of the company’s stock worth $4,072,000 after acquiring an additional 567 shares in the last quarter.

iShares Global Comm Services ETF Stock Performance

Shares of NYSEARCA:IXP opened at $115.57 on Wednesday. The firm has a market cap of $560.51 million, a PE ratio of 19.46 and a beta of 0.90. The firm’s 50 day simple moving average is $116.18 and its 200-day simple moving average is $119.21. iShares Global Comm Services ETF has a one year low of $110.89 and a one year high of $126.92.

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.