Pictet Asset Management Holding SA Decreases Stake in iShares Global Comm Services ETF $IXP

Pictet Asset Management Holding SA lessened its holdings in iShares Global Comm Services ETF (NYSEARCA:IXP) by 40.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 230,310 shares of the company’s stock after selling 154,700 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Global Comm Services ETF were worth $25,659,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vivaldi Capital Management LP lifted its holdings in shares of iShares Global Comm Services ETF by 4.6% in the 4th quarter. Vivaldi Capital Management LP now owns 2,233 shares of the company’s stock valued at $271,000 after buying an additional 98 shares during the period. Transcend Capital Advisors LLC increased its stake in shares of iShares Global Comm Services ETF by 4.0% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,687 shares of the company’s stock valued at $326,000 after acquiring an additional 103 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of iShares Global Comm Services ETF by 5.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $291,000 after buying an additional 133 shares during the period. Advisory Services Network LLC lifted its position in iShares Global Comm Services ETF by 1.3% during the fourth quarter. Advisory Services Network LLC now owns 13,074 shares of the company’s stock valued at $1,585,000 after buying an additional 174 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of iShares Global Comm Services ETF by 4.6% in the first quarter. NewEdge Advisors LLC now owns 4,222 shares of the company’s stock worth $410,000 after buying an additional 184 shares during the period.

iShares Global Comm Services ETF Price Performance

iShares Global Comm Services ETF stock opened at $114.93 on Thursday. The firm’s fifty day moving average price is $120.64 and its 200 day moving average price is $120.32. iShares Global Comm Services ETF has a 12-month low of $109.50 and a 12-month high of $126.92. The company has a market capitalization of $528.68 million, a price-to-earnings ratio of 19.46 and a beta of 0.90.

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.