Banco BTG Pactual S.A. Reduces Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

Banco BTG Pactual S.A. reduced its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,200 shares of the company’s stock after selling 1,800 shares during the quarter. Banco BTG Pactual S.A.’s holdings in iShares Global Tech ETF were worth $1,623,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IXN. Wealthfront Advisers LLC raised its holdings in iShares Global Tech ETF by 1,258.0% in the fourth quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after purchasing an additional 728,205 shares in the last quarter. Patten & Patten Inc. TN boosted its position in shares of iShares Global Tech ETF by 0.9% in the 4th quarter. Patten & Patten Inc. TN now owns 469,909 shares of the company’s stock worth $39,825,000 after purchasing an additional 4,405 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Global Tech ETF by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 301,760 shares of the company’s stock worth $25,574,000 after buying an additional 5,039 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares Global Tech ETF during the 4th quarter valued at about $23,427,000. Finally, Parallel Advisors LLC raised its stake in iShares Global Tech ETF by 2.1% in the fourth quarter. Parallel Advisors LLC now owns 262,747 shares of the company’s stock valued at $22,268,000 after buying an additional 5,325 shares during the last quarter.

iShares Global Tech ETF Stock Up 0.4 %

IXN opened at $79.97 on Wednesday. The firm’s 50-day moving average price is $83.08 and its 200-day moving average price is $83.40. The company has a market cap of $4.88 billion, a P/E ratio of 32.70 and a beta of 1.15. iShares Global Tech ETF has a 52-week low of $68.53 and a 52-week high of $88.62.

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.