Hsbc Holdings PLC Takes Position in iShares Global Tech ETF $IXN

Hsbc Holdings PLC bought a new stake in iShares Global Tech ETF (NYSEARCA:IXN) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $1,890,000.

Other institutional investors have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of iShares Global Tech ETF by 14,762.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after purchasing an additional 324,186 shares during the period. Pictet Asset Management Holding SA raised its holdings in iShares Global Tech ETF by 76.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 702,260 shares of the company’s stock worth $74,454,000 after buying an additional 304,160 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares Global Tech ETF by 8.7% during the second quarter. Bank of America Corp DE now owns 2,398,815 shares of the company’s stock worth $221,507,000 after buying an additional 191,600 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of iShares Global Tech ETF by 229.0% in the fourth quarter. HighTower Advisors LLC now owns 224,535 shares of the company’s stock valued at $23,576,000 after buying an additional 156,283 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Global Tech ETF by 202.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 189,182 shares of the company’s stock valued at $19,864,000 after buying an additional 126,580 shares in the last quarter.

iShares Global Tech ETF Price Performance

Shares of NYSEARCA IXN traded up $0.30 during mid-day trading on Friday, reaching $140.73. 195,123 shares of the company’s stock traded hands, compared to its average volume of 373,677. The stock has a market cap of $9.18 billion, a P/E ratio of 34.73 and a beta of 1.36. The business has a 50-day simple moving average of $137.89 and a 200 day simple moving average of $117.83. iShares Global Tech ETF has a 1-year low of $92.38 and a 1-year high of $149.83.

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.