iShares Global Comm Services ETF (NYSEARCA:IXP) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the company’s stock after selling 19,000 shares during the quarter. Pictet Asset Management Holding SA owned about 1.36% of iShares Global Comm Services ETF worth $4,350,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of iShares Global Comm Services ETF during the 4th quarter worth $34,000. SBI Securities Co. Ltd. purchased a new position in iShares Global Comm Services ETF during the fourth quarter worth about $75,000. Jones Financial Companies Lllp increased its position in shares of iShares Global Comm Services ETF by 78.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company’s stock valued at $209,000 after acquiring an additional 953 shares during the last quarter. Independent Solutions Wealth Management LLC purchased a new stake in shares of iShares Global Comm Services ETF in the 4th quarter valued at approximately $234,000. Finally, HighTower Advisors LLC purchased a new stake in iShares Global Comm Services ETF during the 3rd quarter worth approximately $267,000.

iShares Global Comm Services ETF Stock Down 5.0 %

Shares of IXP stock opened at $89.52 on Friday. The firm has a 50 day moving average of $101.63 and a two-hundred day moving average of $98.08. The stock has a market capitalization of $317.80 million, a PE ratio of 20.08 and a beta of 0.87. iShares Global Comm Services ETF has a 52 week low of $79.70 and a 52 week high of $107.18.

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.