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

Janney Montgomery Scott LLC increased its position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,215 shares of the company’s stock after buying an additional 410 shares during the period. Janney Montgomery Scott LLC owned about 0.25% of iShares Global Comm Services ETF worth $773,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC purchased a new position in iShares Global Comm Services ETF in the third quarter valued at about $437,000. US Bancorp DE grew its stake in iShares Global Comm Services ETF by 2.1% in the third quarter. US Bancorp DE now owns 6,113 shares of the company’s stock valued at $575,000 after purchasing an additional 127 shares during the last quarter. Financial Management Professionals Inc. grew its stake in iShares Global Comm Services ETF by 2.4% in the third quarter. Financial Management Professionals Inc. now owns 16,606 shares of the company’s stock valued at $1,563,000 after purchasing an additional 388 shares during the last quarter. Creative Planning purchased a new position in iShares Global Comm Services ETF in the third quarter valued at about $201,000. Finally, Money Design Co. Ltd. grew its stake in iShares Global Comm Services ETF by 6.9% in the third quarter. Money Design Co. Ltd. now owns 85,141 shares of the company’s stock valued at $8,014,000 after purchasing an additional 5,465 shares during the last quarter.

iShares Global Comm Services ETF Stock Performance

Shares of IXP stock opened at $94.86 on Monday. iShares Global Comm Services ETF has a fifty-two week low of $71.26 and a fifty-two week high of $97.52. The firm has a market capitalization of $313.04 million, a price-to-earnings ratio of 27.29 and a beta of 1.10. The stock’s 50-day simple moving average is $93.38 and its 200-day simple moving average is $89.73.

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.