Wilbanks Smith & Thomas Asset Management LLC Lowers Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Wilbanks Smith & Thomas Asset Management LLC reduced its position in iShares Global Tech ETF (NYSEARCA:IXN) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,695 shares of the company’s stock after selling 3,701 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC owned 0.06% of iShares Global Tech ETF worth $2,570,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Marks Group Wealth Management Inc grew its position in iShares Global Tech ETF by 89.0% during the fourth quarter. Marks Group Wealth Management Inc now owns 52,917 shares of the company’s stock valued at $3,608,000 after acquiring an additional 24,913 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in iShares Global Tech ETF during the 4th quarter worth approximately $212,000. Etfidea LLC increased its stake in iShares Global Tech ETF by 68.2% in the 3rd quarter. Etfidea LLC now owns 9,764 shares of the company’s stock worth $565,000 after purchasing an additional 3,959 shares during the period. Ignite Planners LLC increased its stake in iShares Global Tech ETF by 30.0% in the 4th quarter. Ignite Planners LLC now owns 4,882 shares of the company’s stock worth $324,000 after purchasing an additional 1,126 shares during the period. Finally, Brookstone Capital Management lifted its position in iShares Global Tech ETF by 21.6% in the fourth quarter. Brookstone Capital Management now owns 4,336 shares of the company’s stock valued at $296,000 after purchasing an additional 769 shares during the last quarter.

iShares Global Tech ETF Stock Up 0.7 %

Shares of iShares Global Tech ETF stock traded up $0.49 during trading on Thursday, reaching $70.32. 117,117 shares of the stock were exchanged, compared to its average volume of 330,245. The stock’s fifty day moving average is $73.39 and its 200 day moving average is $68.77. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 32.76 and a beta of 1.34. iShares Global Tech ETF has a 1 year low of $53.01 and a 1 year high of $76.25.

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.