Marks Group Wealth Management Inc Sells 10,887 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Marks Group Wealth Management Inc cut its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,740 shares of the company’s stock after selling 10,887 shares during the period. Marks Group Wealth Management Inc’s holdings in iShares Global Tech ETF were worth $3,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IXN. Geneos Wealth Management Inc. lifted its holdings in iShares Global Tech ETF by 5.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the company’s stock valued at $1,032,000 after purchasing an additional 750 shares during the last quarter. PFG Advisors boosted its holdings in shares of iShares Global Tech ETF by 5.1% in the 1st quarter. PFG Advisors now owns 4,722 shares of the company’s stock worth $353,000 after acquiring an additional 231 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in iShares Global Tech ETF by 37.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,453 shares of the company’s stock worth $408,000 after acquiring an additional 1,500 shares during the last quarter. KCM Investment Advisors LLC acquired a new stake in iShares Global Tech ETF during the 1st quarter valued at $209,000. Finally, New Insight Wealth Advisors raised its position in iShares Global Tech ETF by 27.1% in the 1st quarter. New Insight Wealth Advisors now owns 52,358 shares of the company’s stock valued at $3,917,000 after purchasing an additional 11,179 shares during the last quarter.

iShares Global Tech ETF Stock Performance

iShares Global Tech ETF stock opened at $81.93 on Wednesday. iShares Global Tech ETF has a 52 week low of $60.76 and a 52 week high of $88.10. The firm has a market cap of $4.89 billion, a P/E ratio of 34.17 and a beta of 1.37. The business’s fifty day moving average is $81.44 and its two-hundred day moving average is $79.93.

iShares Global Tech ETF 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.