Financial Management Professionals Inc. Takes $1.31 Million Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

Financial Management Professionals Inc. purchased a new stake in iShares Global Comm Services ETF (NYSEARCA:IXP) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 15,601 shares of the company’s stock, valued at approximately $1,313,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its holdings in shares of iShares Global Comm Services ETF by 134.9% in the fourth quarter. Baystate Wealth Management LLC now owns 491 shares of the company’s stock valued at $37,000 after buying an additional 282 shares during the period. Sunbelt Securities Inc. acquired a new position in iShares Global Comm Services ETF during the third quarter worth $87,000. CVA Family Office LLC acquired a new position in iShares Global Comm Services ETF during the fourth quarter worth $146,000. Creative Financial Designs Inc. ADV boosted its holdings in iShares Global Comm Services ETF by 12.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,261 shares of the company’s stock worth $169,000 after purchasing an additional 256 shares during the last quarter. Finally, One Charles Private Wealth Services LLC boosted its holdings in iShares Global Comm Services ETF by 15.7% during the fourth quarter. One Charles Private Wealth Services LLC now owns 3,848 shares of the company’s stock worth $287,000 after purchasing an additional 523 shares during the last quarter.

iShares Global Comm Services ETF Trading Down 0.9 %

Shares of IXP opened at $88.78 on Friday. iShares Global Comm Services ETF has a 12 month low of $65.38 and a 12 month high of $89.69. The firm has a fifty day simple moving average of $86.41 and a 200 day simple moving average of $82.08. The stock has a market capitalization of $292.97 million, a price-to-earnings ratio of 27.29 and a beta of 1.10.

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.