Independent Advisor Alliance Purchases 169 Shares of iShares Global Comm Services ETF (NYSEARCA:IXP)

Independent Advisor Alliance boosted its position in iShares Global Comm Services ETF (NYSEARCA:IXP) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 3,392 shares of the company’s stock after buying an additional 169 shares during the quarter. Independent Advisor Alliance’s holdings in iShares Global Comm Services ETF were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IXP. US Bancorp DE grew its holdings in shares of 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 acquiring an additional 127 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Global Comm Services ETF by 7.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,253 shares of the company’s stock valued at $289,000 after purchasing an additional 214 shares during the period. Financial Management Professionals Inc. grew its stake in iShares Global Comm Services ETF by 2.4% in the 3rd 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 period. Janney Montgomery Scott LLC increased its position in shares of iShares Global Comm Services ETF by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,215 shares of the company’s stock valued at $773,000 after purchasing an additional 410 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of iShares Global Comm Services ETF during the 3rd quarter worth $201,000.

iShares Global Comm Services ETF Stock Performance

NYSEARCA IXP opened at $96.62 on Friday. The company has a market capitalization of $318.85 million, a PE ratio of 27.29 and a beta of 1.10. iShares Global Comm Services ETF has a 52-week low of $71.26 and a 52-week high of $97.52. The company has a 50-day simple moving average of $94.52 and a 200 day simple moving average of $90.30.

About iShares Global Comm Services ETF

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.