International Assets Investment Management LLC Purchases New Holdings in iShares Global Comm Services ETF (NYSEARCA:IXP)

International Assets Investment Management LLC purchased a new stake in iShares Global Comm Services ETF (NYSEARCA:IXP) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,778 shares of the company’s stock, valued at approximately $730,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in iShares Global Comm Services ETF in the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. purchased a new position in iShares Global Comm Services ETF in the 3rd quarter worth approximately $87,000. CVA Family Office LLC purchased a new position in iShares Global Comm Services ETF in the 4th quarter worth approximately $146,000. Creative Financial Designs Inc. ADV lifted its stake in iShares Global Comm Services ETF by 12.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,261 shares of the company’s stock worth $169,000 after purchasing an additional 256 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in iShares Global Comm Services ETF by 2.9% in the 4th quarter. Raymond James & Associates now owns 5,161 shares of the company’s stock worth $385,000 after purchasing an additional 144 shares in the last quarter.

iShares Global Comm Services ETF Price Performance

IXP opened at $84.01 on Thursday. The company’s 50 day simple moving average is $82.93 and its two-hundred day simple moving average is $76.90. iShares Global Comm Services ETF has a 1-year low of $62.61 and a 1-year high of $85.92. The firm has a market capitalization of $273.03 million, a price-to-earnings ratio of 27.11 and a beta of 1.09.

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.