Independent Financial Group LLC Acquires New Position in iShares Global Tech ETF $IXN

Independent Financial Group LLC acquired a new position in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,490 shares of the company’s stock, valued at approximately $949,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of iShares Global Tech ETF by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 3,053,228 shares of the company’s stock valued at $320,589,000 after acquiring an additional 57,560 shares during the period. Bank of America Corp DE grew its holdings in shares of iShares Global Tech ETF by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 2,418,337 shares of the company’s stock worth $249,597,000 after acquiring an additional 19,522 shares during the period. Pictet Asset Management Holding SA increased its stake in iShares Global Tech ETF by 64.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,152,840 shares of the company’s stock valued at $110,396,000 after purchasing an additional 450,580 shares in the last quarter. LPL Financial LLC increased its stake in iShares Global Tech ETF by 4.8% in the 4th quarter. LPL Financial LLC now owns 954,811 shares of the company’s stock valued at $100,255,000 after purchasing an additional 43,586 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares Global Tech ETF by 10.8% during the fourth quarter. Royal Bank of Canada now owns 944,545 shares of the company’s stock worth $99,177,000 after purchasing an additional 92,222 shares during the last quarter.

iShares Global Tech ETF Stock Performance

IXN opened at $132.95 on Tuesday. The business’s fifty day moving average is $138.76 and its two-hundred day moving average is $119.18. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36. iShares Global Tech ETF has a one year low of $93.27 and a one 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.