M&T Bank Corp Sells 124,581 Shares of iShares Global Tech ETF $IXN

M&T Bank Corp decreased its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 97.0% during the fourth quarter, HoldingsChannel reports. The fund owned 3,846 shares of the company’s stock after selling 124,581 shares during the quarter. M&T Bank Corp’s holdings in iShares Global Tech ETF were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. PFG Advisors increased its position in iShares Global Tech ETF by 107.1% during the fourth quarter. PFG Advisors now owns 15,722 shares of the company’s stock valued at $1,651,000 after acquiring an additional 8,131 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in iShares Global Tech ETF during the fourth quarter valued at $84,000. United Advisor Group LLC increased its position in iShares Global Tech ETF by 14.9% during the fourth quarter. United Advisor Group LLC now owns 3,200 shares of the company’s stock valued at $336,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC increased its position in iShares Global Tech ETF by 700.6% during the fourth quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock valued at $1,701,000 after acquiring an additional 14,180 shares during the last quarter. Finally, Assetmark Inc. increased its position in iShares Global Tech ETF by 27.6% during the fourth quarter. Assetmark Inc. now owns 3,233 shares of the company’s stock valued at $339,000 after acquiring an additional 700 shares during the last quarter.

iShares Global Tech ETF Stock Up 1.3%

IXN stock opened at $121.85 on Friday. iShares Global Tech ETF has a twelve month low of $77.93 and a twelve month high of $122.27. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 34.73 and a beta of 1.32. The firm’s fifty day simple moving average is $107.75 and its two-hundred day simple moving average is $106.67.

About iShares Global Tech ETF

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.