Parallel Advisors LLC decreased its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN – Free Report) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 271,058 shares of the company’s stock after selling 13,700 shares during the period. Parallel Advisors LLC owned 0.41% of iShares Global Tech ETF worth $40,176,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Robertson Stephens Wealth Management LLC bought a new stake in shares of iShares Global Tech ETF during the third quarter worth approximately $2,410,000. Montecito Bank & Trust bought a new position in shares of iShares Global Tech ETF during the third quarter worth approximately $1,205,000. Kestra Advisory Services LLC increased its stake in shares of iShares Global Tech ETF by 32.0% during the first quarter. Kestra Advisory Services LLC now owns 52,692 shares of the company’s stock worth $5,268,000 after purchasing an additional 12,767 shares during the period. Hsbc Holdings PLC acquired a new stake in iShares Global Tech ETF during the 4th quarter worth approximately $1,890,000. Finally, Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in iShares Global Tech ETF during the 2nd quarter worth approximately $663,000.
iShares Global Tech ETF Price Performance
IXN traded up $2.46 during trading on Friday, hitting $123.58. The stock had a trading volume of 338,061 shares, compared to its average volume of 393,574. The company has a 50 day moving average price of $142.27 and a 200-day moving average price of $128.34. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 23.15 and a beta of 1.40. iShares Global Tech ETF has a one year low of $95.11 and a one year high of $154.04.
iShares Global Tech ETF Company Profile
iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.
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