MAI Capital Management Sells 695 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

MAI Capital Management lowered its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,735 shares of the company’s stock after selling 695 shares during the quarter. MAI Capital Management’s holdings in iShares Global Tech ETF were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. EQ LLC grew its stake in iShares Global Tech ETF by 8.9% in the 3rd quarter. EQ LLC now owns 35,029 shares of the company’s stock valued at $2,891,000 after buying an additional 2,868 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in iShares Global Tech ETF by 4.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 162,232 shares of the company’s stock valued at $13,389,000 after buying an additional 6,423 shares in the last quarter. Balboa Wealth Partners purchased a new position in iShares Global Tech ETF in the 3rd quarter valued at approximately $206,000. Prime Capital Investment Advisors LLC purchased a new position in iShares Global Tech ETF in the 3rd quarter valued at approximately $215,000. Finally, Harbour Investments Inc. grew its stake in iShares Global Tech ETF by 9.2% in the 3rd quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock valued at $232,000 after buying an additional 238 shares in the last quarter.

iShares Global Tech ETF Trading Up 0.3 %

iShares Global Tech ETF stock opened at $83.38 on Friday. iShares Global Tech ETF has a 1-year low of $64.31 and a 1-year high of $88.10. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. The firm has a 50 day simple moving average of $82.61 and a 200 day simple moving average of $80.91.

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.