Family Firm Inc. Sells 457 Shares of iShares Global Comm Services ETF (NYSEARCA:IXP)

Family Firm Inc. trimmed its stake in shares of iShares Global Comm Services ETF (NYSEARCA:IXP) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,732 shares of the company’s stock after selling 457 shares during the quarter. Family Firm Inc. owned about 0.17% of iShares Global Comm Services ETF worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IXP. U.S. Capital Wealth Advisors LLC bought a new position in iShares Global Comm Services ETF during the fourth quarter worth $1,263,000. Raymond James Financial Inc. bought a new position in iShares Global Comm Services ETF during the fourth quarter worth $1,238,000. Grimes & Company Inc. bought a new stake in shares of iShares Global Comm Services ETF in the fourth quarter valued at about $480,000. Money Design Co. Ltd. boosted its position in shares of iShares Global Comm Services ETF by 5.5% in the fourth quarter. Money Design Co. Ltd. now owns 89,847 shares of the company’s stock valued at $8,741,000 after acquiring an additional 4,706 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of iShares Global Comm Services ETF by 16.5% in the third quarter. Quantinno Capital Management LP now owns 24,456 shares of the company’s stock valued at $2,302,000 after acquiring an additional 3,469 shares during the period.

iShares Global Comm Services ETF Stock Performance

Shares of iShares Global Comm Services ETF stock opened at $99.39 on Friday. The firm has a 50-day moving average of $101.56 and a 200-day moving average of $97.02. The stock has a market cap of $417.44 million, a PE ratio of 20.68 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.

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.