6-Feb-2026
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ETFs heavily allocated to Alphabet feel the pressure as GOOG and tech slide
Seeking Alpha News (Thu, 5-Feb 8:34 AM ET)
The iShares Global Comm Services ETF seeks to track the investment results of an index composed of global equities in the communication services sector. It provies global exposure to companies in media, entertainment, social media, search engine, video/gaming and telecommunication services.
iShares Global Comm Services ETF trades on the ARCA stock market under the symbol IXP.
As of February 6, 2026, IXP stock price declined to $121.54 with 28,472 million shares trading.
IXP has a beta of 0.89, meaning it tends to be less sensitive to market movements. IXP has a correlation of 0.67 to the broad based SPY ETF.
IXP has a market cap of $717.09 million. This is considered a Small Cap stock.
In the last 3 years, IXP traded as high as $126.92 and as low as $57.73.
IXP has outperformed the market in the last year with a return of +19.7%, while the SPY ETF gained +15.1%. However, in the most recent history, IXP shares have underperformed the stock market with its stock returning +3.3% in the last 3 month period and -0.1% for the last 2 week period, while SPY has returned +3.3% and +0.2%, respectively.
IXP support price is $120.82 and resistance is $123.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IXP shares will trade within this expected range on the day.
