Hsbc Holdings PLC Sells 607,191 Shares of iShares Global Comm Services ETF $IXP

Hsbc Holdings PLC reduced its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 56.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,595 shares of the company’s stock after selling 607,191 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of iShares Global Comm Services ETF worth $54,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of IXP. NewEdge Advisors LLC increased its holdings in shares of iShares Global Comm Services ETF by 4.6% in the 1st 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 last quarter. Jane Street Group LLC lifted its holdings in shares of iShares Global Comm Services ETF by 56.7% during the 1st quarter. Jane Street Group LLC now owns 30,256 shares of the company’s stock worth $2,935,000 after acquiring an additional 10,943 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares Global Comm Services ETF by 21.2% in the second quarter. JPMorgan Chase & Co. now owns 25,183 shares of the company’s stock worth $2,829,000 after acquiring an additional 4,397 shares in the last quarter. Cerity Partners LLC increased its stake in iShares Global Comm Services ETF by 4.7% in the second quarter. Cerity Partners LLC now owns 18,011 shares of the company’s stock valued at $2,023,000 after acquiring an additional 801 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new position in iShares Global Comm Services ETF in the second quarter valued at $240,000.

iShares Global Comm Services ETF Stock Up 0.4%

NYSEARCA IXP opened at $116.97 on Tuesday. The stock’s 50-day simple moving average is $119.06 and its two-hundred day simple moving average is $119.96. iShares Global Comm Services ETF has a twelve month low of $110.78 and a twelve month high of $126.92. The company has a market capitalization of $538.06 million, a price-to-earnings ratio of 19.46 and a beta of 0.90.

iShares Global Comm Services ETF 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.