Western Wealth Management LLC Has $2.29 Million Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Western Wealth Management LLC trimmed its position in iShares Global Tech ETF (NYSEARCA:IXN) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,573 shares of the company’s stock after selling 524 shares during the quarter. Western Wealth Management LLC’s holdings in iShares Global Tech ETF were worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Cibc World Market Inc. grew its stake in shares of iShares Global Tech ETF by 10.2% during the 1st quarter. Cibc World Market Inc. now owns 60,500 shares of the company’s stock worth $3,510,000 after acquiring an additional 5,615 shares in the last quarter. Blair William & Co. IL increased its stake in iShares Global Tech ETF by 1.9% in the 1st quarter. Blair William & Co. IL now owns 25,263 shares of the company’s stock valued at $1,466,000 after buying an additional 476 shares during the last quarter. Beaumont Capital Management LLC bought a new stake in iShares Global Tech ETF during the 1st quarter worth about $474,000. International Assets Investment Management LLC boosted its stake in shares of iShares Global Tech ETF by 139.1% during the 1st quarter. International Assets Investment Management LLC now owns 13,175 shares of the company’s stock worth $764,000 after buying an additional 7,665 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of iShares Global Tech ETF in the 1st quarter valued at about $283,000.

iShares Global Tech ETF Stock Performance

IXN traded down $0.95 on Friday, hitting $69.64. 38,221 shares of the company were exchanged, compared to its average volume of 342,597. The stock’s fifty day moving average is $73.68 and its 200-day moving average is $67.98. iShares Global Tech ETF has a 12 month low of $51.78 and a 12 month high of $76.25. The company has a market cap of $4.22 billion, a PE ratio of 34.43 and a beta of 1.32.

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.