Belpointe Asset Management LLC Decreases Position in iShares Global Tech ETF (NYSEARCA:IXN)

Belpointe Asset Management LLC cut its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN – Get Rating) by 37.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,950 shares of the company’s stock after selling 1,157 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Global Tech ETF were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ropes Wealth Advisors LLC purchased a new stake in shares of iShares Global Tech ETF in the fourth quarter worth approximately $273,000. Vista Capital Partners Inc. purchased a new stake in shares of iShares Global Tech ETF in the fourth quarter worth approximately $211,000. Carnegie Capital Asset Management LLC raised its holdings in shares of iShares Global Tech ETF by 20.2% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 27,393 shares of the company’s stock worth $1,228,000 after buying an additional 4,605 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in shares of iShares Global Tech ETF by 32.0% in the third quarter. Mount Yale Investment Advisors LLC now owns 19,450 shares of the company’s stock worth $820,000 after buying an additional 4,717 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in shares of iShares Global Tech ETF by 128.7% in the third quarter. First Republic Investment Management Inc. now owns 52,268 shares of the company’s stock worth $2,205,000 after buying an additional 29,416 shares during the period.

iShares Global Tech ETF Stock Performance

Shares of NYSEARCA IXN opened at $56.69 on Friday. The business’s 50 day moving average price is $53.33 and its 200-day moving average price is $49.81. iShares Global Tech ETF has a fifty-two week low of $40.31 and a fifty-two week high of $56.83. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 22.95 and a beta of 1.15.

iShares Global Tech ETF Profile

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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.