Balboa Wealth Partners Acquires 1,249 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Balboa Wealth Partners increased its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 50.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,740 shares of the company’s stock after buying an additional 1,249 shares during the quarter. Balboa Wealth Partners’ holdings in iShares Global Tech ETF were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IXN. EverSource Wealth Advisors LLC raised its holdings in shares of iShares Global Tech ETF by 2.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,367 shares of the company’s stock worth $879,000 after buying an additional 204 shares in the last quarter. PFG Advisors grew its position in iShares Global Tech ETF by 2.9% in the fourth quarter. PFG Advisors now owns 5,241 shares of the company’s stock valued at $444,000 after acquiring an additional 147 shares during the period. HighTower Advisors LLC raised its stake in iShares Global Tech ETF by 5.7% during the fourth quarter. HighTower Advisors LLC now owns 70,228 shares of the company’s stock worth $5,952,000 after acquiring an additional 3,812 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of iShares Global Tech ETF by 1,258.0% during the fourth quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock valued at $66,621,000 after acquiring an additional 728,205 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of iShares Global Tech ETF in the 4th quarter valued at $842,000.

iShares Global Tech ETF Stock Performance

IXN opened at $76.21 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 32.89 and a beta of 1.15. The firm’s 50-day simple moving average is $84.08 and its 200-day simple moving average is $83.38. iShares Global Tech ETF has a twelve month low of $68.53 and a twelve month high of $88.62.

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.