Cwm LLC Trims Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Cwm LLC trimmed its position in iShares Global Tech ETF (NYSEARCA:IXN) by 4.1% during the first quarter, Holdings Channel.com reports. The firm owned 25,968 shares of the company’s stock after selling 1,111 shares during the period. Cwm LLC’s holdings in iShares Global Tech ETF were worth $1,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its stake in shares of iShares Global Tech ETF by 40.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 12,082 shares of the company’s stock valued at $824,000 after acquiring an additional 3,457 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at about $1,591,000. Creekmur Asset Management LLC acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at about $297,000. Centaurus Financial Inc. acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at about $137,000. Finally, Able Wealth Management LLC acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at about $1,153,000.

iShares Global Tech ETF Price Performance

NYSEARCA IXN opened at $84.80 on Thursday. iShares Global Tech ETF has a 12 month low of $56.30 and a 12 month high of $84.96. The company has a 50-day moving average of $75.77 and a 200-day moving average of $72.65. The company has a market cap of $5.06 billion, a P/E ratio of 34.17 and a beta of 1.37.

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.