Summit X LLC reduced its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN – Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,202 shares of the company’s stock after selling 671 shares during the period. Summit X LLC’s holdings in iShares Global Tech ETF were worth $261,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IXN. Mach 1 Financial Group LLC acquired a new stake in iShares Global Tech ETF in the 1st quarter worth $11,742,000. Aspire Private Capital LLC acquired a new stake in iShares Global Tech ETF during the first quarter worth about $20,494,807,000. Concord Wealth Partners increased its stake in iShares Global Tech ETF by 125.1% during the second quarter. Concord Wealth Partners now owns 457 shares of the company’s stock valued at $28,000 after acquiring an additional 254 shares during the period. Venturi Wealth Management LLC acquired a new position in iShares Global Tech ETF in the 1st quarter valued at approximately $33,000. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in shares of iShares Global Tech ETF in the 1st quarter worth approximately $39,000.
iShares Global Tech ETF Trading Up 0.2 %
Shares of NYSEARCA:IXN opened at $64.38 on Thursday. The business’s 50 day moving average is $59.48 and its 200-day moving average is $59.75. The firm has a market capitalization of $3.85 billion, a PE ratio of 22.95 and a beta of 1.15. iShares Global Tech ETF has a 1-year low of $43.76 and a 1-year high of $64.76.
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.
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