iShares Global Tech ETF $IXN Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN lifted its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,249 shares of the company’s stock after purchasing an additional 15,285 shares during the quarter. iShares Global Tech ETF accounts for approximately 3.4% of Patten & Patten Inc. TN’s investment portfolio, making the stock its 4th biggest holding. Patten & Patten Inc. TN owned 0.90% of iShares Global Tech ETF worth $57,251,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in iShares Global Tech ETF during the fourth quarter worth $25,000. Larson Financial Group LLC acquired a new position in iShares Global Tech ETF during the third quarter worth $28,000. Manning & Napier Advisors LLC acquired a new position in iShares Global Tech ETF during the third quarter worth $39,000. Triumph Capital Management acquired a new position in iShares Global Tech ETF during the third quarter worth $54,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares Global Tech ETF during the fourth quarter worth $60,000.

iShares Global Tech ETF Trading Up 3.7%

Shares of IXN opened at $133.01 on Friday. iShares Global Tech ETF has a 12 month low of $79.48 and a 12 month high of $133.08. The firm has a fifty day simple moving average of $108.94 and a 200 day simple moving average of $107.18. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 34.73 and a beta of 1.32.

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.