Marotta Asset Management Invests $2.64 Million in iShares Global Tech ETF (NYSEARCA:IXN)

Marotta Asset Management bought a new stake in iShares Global Tech ETF (NYSEARCA:IXN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,426 shares of the company’s stock, valued at approximately $2,638,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avidian Wealth Solutions LLC increased its position in iShares Global Tech ETF by 1.2% during the 1st quarter. Avidian Wealth Solutions LLC now owns 16,204 shares of the company’s stock worth $881,000 after purchasing an additional 196 shares during the period. IHT Wealth Management LLC boosted its stake in shares of iShares Global Tech ETF by 3.4% during the 3rd quarter. IHT Wealth Management LLC now owns 6,523 shares of the company’s stock worth $275,000 after acquiring an additional 215 shares in the last quarter. Mach 1 Financial Group LLC purchased a new stake in shares of iShares Global Tech ETF during the 1st quarter worth approximately $11,742,000. Newbridge Financial Services Group Inc. lifted its stake in iShares Global Tech ETF by 10.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,915 shares of the company’s stock valued at $158,000 after buying an additional 268 shares in the last quarter. Finally, Vigilant Capital Management LLC lifted its stake in iShares Global Tech ETF by 17.3% in the 1st quarter. Vigilant Capital Management LLC now owns 1,900 shares of the company’s stock valued at $103,000 after buying an additional 280 shares in the last quarter.

iShares Global Tech ETF Stock Performance

IXN stock traded up $0.25 on Thursday, reaching $60.46. The company had a trading volume of 39,375 shares, compared to its average volume of 217,116. iShares Global Tech ETF has a 1 year low of $40.31 and a 1 year high of $64.76. The company’s fifty day moving average is $61.30 and its 200 day moving average is $57.46. The company has a market cap of $3.62 billion, a P/E ratio of 22.95 and a beta of 1.15.

iShares Global Tech ETF 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.