iShares Global Comm Services ETF (NYSEARCA:IXP) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Global Comm Services ETF (NYSEARCA:IXP) saw an uptick in trading volume on Friday . 75,199 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 31,797 shares.The stock last traded at $122.07 and had previously closed at $121.22.

iShares Global Comm Services ETF Stock Performance

The company has a market capitalization of $791.96 million, a PE ratio of 19.46 and a beta of 0.87. The stock has a fifty day moving average of $122.15 and a 200 day moving average of $118.92.

Hedge Funds Weigh In On iShares Global Comm Services ETF

Institutional investors have recently bought and sold shares of the stock. Transcend Capital Advisors LLC boosted its holdings in shares of iShares Global Comm Services ETF by 3.8% during the 3rd quarter. Transcend Capital Advisors LLC now owns 2,584 shares of the company’s stock valued at $319,000 after purchasing an additional 95 shares during the last quarter. Independent Solutions Wealth Management LLC boosted its stake in iShares Global Comm Services ETF by 4.7% during the second quarter. Independent Solutions Wealth Management LLC now owns 2,490 shares of the company’s stock valued at $280,000 after buying an additional 112 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in iShares Global Comm Services ETF by 4.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,625 shares of the company’s stock valued at $324,000 after buying an additional 115 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in iShares Global Comm Services ETF by 19.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 952 shares of the company’s stock valued at $107,000 after buying an additional 157 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in 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 acquiring an additional 184 shares during the last quarter.

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.