Corrado Advisors LLC Has $2.45 Million Stock Position in iShares Global Comm Services ETF (NYSEARCA:IXP)

Corrado Advisors LLC increased its position in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,762 shares of the company’s stock after purchasing an additional 184 shares during the period. iShares Global Comm Services ETF comprises about 2.0% of Corrado Advisors LLC’s portfolio, making the stock its 13th largest holding. Corrado Advisors LLC’s holdings in iShares Global Comm Services ETF were worth $2,445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in IXP. NBC Securities Inc. bought a new stake in iShares Global Comm Services ETF during the 3rd quarter worth approximately $28,000. Baystate Wealth Management LLC increased its holdings in iShares Global Comm Services ETF by 134.9% during the 4th quarter. Baystate Wealth Management LLC now owns 491 shares of the company’s stock worth $37,000 after purchasing an additional 282 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in iShares Global Comm Services ETF during the 3rd quarter worth approximately $87,000. CVA Family Office LLC bought a new stake in iShares Global Comm Services ETF during the 4th quarter worth approximately $146,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in iShares Global Comm Services ETF by 12.8% during the 4th 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 in the last quarter.

iShares Global Comm Services ETF Stock Performance

IXP traded up $1.35 during midday trading on Tuesday, reaching $84.05. 17,563 shares of the company were exchanged, compared to its average volume of 12,592. The company’s fifty day moving average price is $82.86 and its 200 day moving average price is $76.79. The company has a market cap of $273.15 million, a price-to-earnings ratio of 27.11 and a beta of 1.09. iShares Global Comm Services ETF has a one year low of $62.61 and a one year high of $85.92.

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.