Raymond James Financial Inc. Invests $1.24 Million in iShares Global Comm Services ETF (NYSEARCA:IXP)

Raymond James Financial Inc. acquired a new position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,806 shares of the company’s stock, valued at approximately $1,238,000. Raymond James Financial Inc. owned about 0.39% of iShares Global Comm Services ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares Global Comm Services ETF in the fourth quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new position in iShares Global Comm Services ETF in the 4th quarter valued at about $75,000. Jones Financial Companies Lllp boosted its stake in shares of iShares Global Comm Services ETF by 78.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock worth $209,000 after purchasing an additional 953 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of iShares Global Comm Services ETF during the third quarter worth about $267,000. Finally, Gladstone Institutional Advisory LLC raised its position in shares of iShares Global Comm Services ETF by 4.8% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,863 shares of the company’s stock valued at $470,000 after buying an additional 221 shares during the last quarter.

iShares Global Comm Services ETF Stock Performance

Shares of NYSEARCA IXP opened at $97.51 on Thursday. The firm has a market cap of $346.16 million, a P/E ratio of 20.08 and a beta of 0.87. iShares Global Comm Services ETF has a 1 year low of $79.70 and a 1 year high of $107.18. The firm’s 50 day moving average price is $101.98 and its 200 day moving average price is $98.11.

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.