Hsbc Holdings PLC Takes Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

Hsbc Holdings PLC purchased a new position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 751,427 shares of the company’s stock, valued at approximately $66,712,000. Hsbc Holdings PLC owned approximately 22.77% of iShares Global Comm Services ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of iShares Global Comm Services ETF by 7.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,253 shares of the company’s stock worth $289,000 after buying an additional 214 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in iShares Global Comm Services ETF by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 7,555 shares of the company’s stock valued at $636,000 after acquiring an additional 396 shares during the period. Sunbelt Securities Inc. boosted its position in shares of iShares Global Comm Services ETF by 39.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,468 shares of the company’s stock worth $208,000 after purchasing an additional 696 shares in the last quarter. Gladstone Institutional Advisory LLC grew its stake in shares of iShares Global Comm Services ETF by 27.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 8,172 shares of the company’s stock worth $610,000 after purchasing an additional 1,781 shares during the period. Finally, CX Institutional purchased a new position in shares of iShares Global Comm Services ETF in the 2nd quarter valued at about $233,000.

iShares Global Comm Services ETF Trading Up 1.7 %

IXP stock opened at $91.84 on Friday. The company’s 50-day moving average price is $88.05 and its 200 day moving average price is $86.48. iShares Global Comm Services ETF has a 52 week low of $65.38 and a 52 week high of $92.01. The company has a market cap of $303.07 million, a P/E 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.