Pines Wealth Management LLC Invests $406,000 in iShares Global Tech ETF (NYSEARCA:IXN)

Pines Wealth Management LLC acquired a new stake in iShares Global Tech ETF (NYSEARCA:IXN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,841 shares of the company’s stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares Global Tech ETF by 8.4% during the second quarter. Envestnet Asset Management Inc. now owns 183,732 shares of the company’s stock worth $15,217,000 after buying an additional 14,300 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in iShares Global Tech ETF in the 2nd quarter worth about $783,000. VitalStone Financial LLC raised its position in iShares Global Tech ETF by 0.9% in the third quarter. VitalStone Financial LLC now owns 25,663 shares of the company’s stock valued at $2,118,000 after purchasing an additional 224 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of iShares Global Tech ETF by 16.1% during the third quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock valued at $264,000 after purchasing an additional 444 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of iShares Global Tech ETF by 4.0% during the third quarter. Blue Trust Inc. now owns 4,000 shares of the company’s stock worth $331,000 after purchasing an additional 155 shares during the last quarter.

iShares Global Tech ETF Price Performance

Shares of NYSEARCA IXN opened at $84.79 on Thursday. The company has a 50 day simple moving average of $84.95 and a 200 day simple moving average of $82.63. iShares Global Tech ETF has a 1 year low of $66.65 and a 1 year high of $88.40. The firm has a market cap of $5.06 billion, a PE 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.