HighTower Advisors LLC Raises Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

HighTower Advisors LLC raised its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,228 shares of the company’s stock after buying an additional 3,812 shares during the period. HighTower Advisors LLC owned about 0.12% of iShares Global Tech ETF worth $5,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthfront Advisers LLC grew its holdings in shares of iShares Global Tech ETF by 1,258.0% in the fourth quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after acquiring an additional 728,205 shares during the period. Independent Advisor Alliance purchased a new position in iShares Global Tech ETF during the fourth quarter valued at $842,000. New Insight Wealth Advisors increased its position in iShares Global Tech ETF by 9.6% in the fourth quarter. New Insight Wealth Advisors now owns 78,759 shares of the company’s stock worth $6,675,000 after buying an additional 6,927 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in iShares Global Tech ETF by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,718 shares of the company’s stock worth $254,000 after buying an additional 187 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Global Tech ETF in the fourth quarter worth about $1,256,000.

iShares Global Tech ETF Trading Down 1.4 %

Shares of NYSEARCA:IXN opened at $77.86 on Wednesday. The stock has a 50 day moving average of $83.60 and a 200 day moving average of $83.35. The company has a market cap of $4.60 billion, a PE ratio of 32.89 and a beta of 1.15. iShares Global Tech ETF has a 12-month low of $68.53 and a 12-month high of $88.62.

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.