PNC Financial Services Group Inc. Cuts Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

PNC Financial Services Group Inc. lessened its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,208 shares of the company’s stock after selling 213 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Global Tech ETF were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IXN. International Assets Investment Management LLC grew its stake in shares of iShares Global Tech ETF by 9,022.6% during the third quarter. International Assets Investment Management LLC now owns 358,428 shares of the company’s stock worth $29,581,000 after acquiring an additional 354,499 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares Global Tech ETF during the 1st quarter valued at approximately $10,234,000. Sterling Group Wealth Management LLC purchased a new position in shares of iShares Global Tech ETF in the second quarter worth $8,511,000. Pictet North America Advisors SA lifted its stake in shares of iShares Global Tech ETF by 286.0% during the second quarter. Pictet North America Advisors SA now owns 132,498 shares of the company’s stock worth $10,973,000 after buying an additional 98,168 shares during the period. Finally, Bordeaux Wealth Advisors LLC purchased a new stake in shares of iShares Global Tech ETF during the second quarter valued at $7,943,000.

iShares Global Tech ETF Price Performance

Shares of IXN stock opened at $82.94 on Thursday. The business has a fifty day moving average of $82.82 and a 200 day moving average of $81.16. 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 $4.95 billion, a price-to-earnings 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.