iShares Global Tech ETF (NYSEARCA:IXN) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 855,132 shares of the company’s stock after selling 2,201 shares during the period. Royal Bank of Canada owned about 1.43% of iShares Global Tech ETF worth $72,472,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Synergy Investment Management LLC acquired a new position in shares of iShares Global Tech ETF in the 4th quarter worth approximately $25,000. Hager Investment Management Services LLC acquired a new position in shares of iShares Global Tech ETF in the 4th quarter worth approximately $33,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of iShares Global Tech ETF in the 4th quarter worth approximately $44,000. Flagship Wealth Advisors LLC acquired a new position in shares of iShares Global Tech ETF in the 4th quarter worth approximately $45,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of iShares Global Tech ETF in the fourth quarter worth approximately $50,000.

iShares Global Tech ETF Price Performance

IXN stock opened at $85.00 on Wednesday. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $88.62. The company’s 50 day simple moving average is $76.53 and its 200-day simple moving average is $81.67. The firm has a market capitalization of $4.87 billion, a P/E ratio of 31.23 and a beta of 1.23.

iShares Global Tech ETF Company 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.