International Assets Investment Management LLC Buys 354,499 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

International Assets Investment Management LLC grew its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 9,022.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,428 shares of the company’s stock after acquiring an additional 354,499 shares during the period. International Assets Investment Management LLC’s holdings in iShares Global Tech ETF were worth $29,581,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in iShares Global Tech ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 853,034 shares of the company’s stock worth $70,648,000 after acquiring an additional 57,529 shares in the last quarter. Patten & Patten Inc. TN grew its stake in iShares Global Tech ETF by 4.3% in the 1st quarter. Patten & Patten Inc. TN now owns 460,808 shares of the company’s stock worth $34,473,000 after acquiring an additional 18,855 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Global Tech ETF by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 326,448 shares of the company’s stock worth $27,036,000 after acquiring an additional 4,104 shares in the last quarter. Parallel Advisors LLC grew its stake in iShares Global Tech ETF by 1.1% in the 2nd quarter. Parallel Advisors LLC now owns 257,711 shares of the company’s stock worth $21,344,000 after acquiring an additional 2,688 shares in the last quarter. Finally, Shira Ridge Wealth Management grew its stake in iShares Global Tech ETF by 1.3% in the 3rd quarter. Shira Ridge Wealth Management now owns 193,750 shares of the company’s stock worth $15,990,000 after acquiring an additional 2,577 shares in the last quarter.

iShares Global Tech ETF Price Performance

Shares of IXN stock opened at $83.26 on Tuesday. The company’s 50-day simple moving average is $81.47 and its two-hundred day simple moving average is $79.49. iShares Global Tech ETF has a one year low of $57.05 and a one year high of $88.10. The company has a market capitalization of $4.97 billion, a P/E ratio of 34.17 and a beta of 1.37.

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.