Patten Group Inc. Increases Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Patten Group Inc. grew its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,033 shares of the company’s stock after purchasing an additional 636 shares during the period. Patten Group Inc. owned about 0.06% of iShares Global Tech ETF worth $2,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of iShares Global Tech ETF by 3.3% in the 4th quarter. Blue Trust Inc. now owns 4,130 shares of the company’s stock valued at $341,000 after purchasing an additional 130 shares in the last quarter. Keystone Wealth Services LLC raised its stake in shares of iShares Global Tech ETF by 1.2% during the 4th quarter. Keystone Wealth Services LLC now owns 11,080 shares of the company’s stock worth $939,000 after buying an additional 132 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in shares of iShares Global Tech ETF by 5.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 3,140 shares of the company’s stock valued at $266,000 after buying an additional 152 shares in the last quarter. Flagship Private Wealth LLC grew its stake in iShares Global Tech ETF by 0.3% in the 4th quarter. Flagship Private Wealth LLC now owns 50,739 shares of the company’s stock valued at $4,300,000 after acquiring an additional 163 shares during the period. Finally, Key Financial Inc increased its holdings in iShares Global Tech ETF by 7.3% in the 4th quarter. Key Financial Inc now owns 2,438 shares of the company’s stock worth $207,000 after acquiring an additional 166 shares in the last quarter.

iShares Global Tech ETF Stock Down 3.1 %

IXN opened at $79.85 on Tuesday. The firm’s fifty day simple moving average is $85.31 and its two-hundred day simple moving average is $83.62. iShares Global Tech ETF has a 52-week low of $68.53 and a 52-week high of $88.62. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 37.10 and a beta of 1.13.

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.