Janney Montgomery Scott LLC Raises Stake in iShares Global Comm Services ETF (NYSEARCA:IXP)

Janney Montgomery Scott LLC increased its stake in iShares Global Comm Services ETF (NYSEARCA:IXP) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,584 shares of the company’s stock after purchasing an additional 369 shares during the quarter. Janney Montgomery Scott LLC owned 0.26% of iShares Global Comm Services ETF worth $830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Money Design Co. Ltd. boosted its position in iShares Global Comm Services ETF by 6.9% during the third quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock worth $8,014,000 after purchasing an additional 5,465 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of iShares Global Comm Services ETF in the 3rd quarter worth about $437,000. Quantinno Capital Management LP boosted its position in shares of iShares Global Comm Services ETF by 16.5% in the 3rd quarter. Quantinno Capital Management LP now owns 24,456 shares of the company’s stock worth $2,302,000 after buying an additional 3,469 shares in the last quarter. HighTower Advisors LLC acquired a new stake in iShares Global Comm Services ETF in the 3rd quarter valued at about $267,000. Finally, Creative Planning purchased a new position in shares of iShares Global Comm Services ETF during the 3rd quarter worth approximately $201,000.

iShares Global Comm Services ETF Stock Up 0.5 %

NYSEARCA IXP opened at $104.58 on Friday. The business has a fifty day moving average of $99.41 and a 200-day moving average of $94.24. iShares Global Comm Services ETF has a fifty-two week low of $79.70 and a fifty-two week high of $105.43. The stock has a market cap of $345.11 million, a price-to-earnings ratio of 27.29 and a beta of 1.10.

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.