Janney Montgomery Scott LLC Grows Holdings in iShares Global Comm Services ETF $IXP

Janney Montgomery Scott LLC increased its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,389 shares of the company’s stock after acquiring an additional 305 shares during the quarter. Janney Montgomery Scott LLC owned about 0.15% of iShares Global Comm Services ETF worth $830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance purchased a new position in shares of iShares Global Comm Services ETF in the first quarter worth $269,000. PGIM Custom Harvest LLC grew its holdings in shares of iShares Global Comm Services ETF by 43.5% in the first quarter. PGIM Custom Harvest LLC now owns 318,625 shares of the company’s stock worth $30,913,000 after purchasing an additional 96,575 shares during the last quarter. Tiller Private Wealth Inc. purchased a new stake in iShares Global Comm Services ETF in the first quarter worth about $248,000. World Investment Advisors purchased a new stake in iShares Global Comm Services ETF in the first quarter worth about $1,106,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of iShares Global Comm Services ETF by 6.4% during the first quarter. Atria Wealth Solutions Inc. now owns 2,359 shares of the company’s stock valued at $229,000 after buying an additional 142 shares during the last quarter.

iShares Global Comm Services ETF Stock Up 0.1%

IXP opened at $121.01 on Wednesday. iShares Global Comm Services ETF has a 52-week low of $86.38 and a 52-week high of $126.92. The firm’s 50-day moving average price is $121.07 and its 200-day moving average price is $110.09. The company has a market cap of $841.02 million, a P/E ratio of 19.46 and a beta of 0.86.

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.