Sagespring Wealth Partners LLC acquired a new stake in shares of iShares Global Tech ETF (NYSEARCA:IXN – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,772 shares of the company’s stock, valued at approximately $320,000.
A number of other institutional investors and hedge funds also recently modified their holdings of IXN. Wealthfront Advisers LLC boosted its position in shares of iShares Global Tech ETF by 1,258.0% in the 4th quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock valued at $66,621,000 after purchasing an additional 728,205 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares Global Tech ETF in the fourth quarter worth approximately $23,427,000. Wells Fargo & Company MN raised its holdings in shares of iShares Global Tech ETF by 10.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock valued at $85,724,000 after acquiring an additional 94,145 shares during the period. National Bank of Canada FI lifted its position in shares of iShares Global Tech ETF by 271.8% in the 4th quarter. National Bank of Canada FI now owns 66,960 shares of the company’s stock valued at $5,673,000 after acquiring an additional 48,952 shares in the last quarter. Finally, FIL Ltd boosted its stake in iShares Global Tech ETF by 6.4% in the 4th quarter. FIL Ltd now owns 802,955 shares of the company’s stock worth $68,323,000 after purchasing an additional 48,385 shares during the period.
iShares Global Tech ETF Stock Up 0.2 %
Shares of NYSEARCA:IXN opened at $73.73 on Wednesday. The company’s fifty day moving average is $79.00 and its two-hundred day moving average is $82.44. The company has a market cap of $4.25 billion, a P/E ratio of 29.15 and a beta of 1.21. iShares Global Tech ETF has a 12-month low of $63.58 and a 12-month high of $88.62.
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.
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