iShares Global Tech ETF (NYSEARCA:IXN) Shares Sold by Montecito Bank & Trust

Montecito Bank & Trust lowered its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 14.7% during the third quarter, Holdings Channel reports. The fund owned 9,020 shares of the company’s stock after selling 1,560 shares during the quarter. Montecito Bank & Trust’s holdings in iShares Global Tech ETF were worth $744,000 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 the stock. LPL Financial LLC boosted its holdings in shares of iShares Global Tech ETF by 7.2% during the second quarter. LPL Financial LLC now owns 853,034 shares of the company’s stock worth $70,648,000 after purchasing an additional 57,529 shares during the last quarter. Patten & Patten Inc. TN boosted its stake in iShares Global Tech ETF by 4.3% in the 1st quarter. Patten & Patten Inc. TN now owns 460,808 shares of the company’s stock worth $34,473,000 after buying an additional 18,855 shares during the last quarter. International Assets Investment Management LLC grew its holdings in iShares Global Tech ETF by 9,022.6% in the 3rd quarter. International Assets Investment Management LLC now owns 358,428 shares of the company’s stock valued at $29,581,000 after buying an additional 354,499 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of iShares Global Tech ETF by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 326,448 shares of the company’s stock valued at $27,036,000 after acquiring an additional 4,104 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares Global Tech ETF by 1.1% during the 2nd quarter. Parallel Advisors LLC now owns 257,711 shares of the company’s stock worth $21,344,000 after acquiring an additional 2,688 shares during the period.

iShares Global Tech ETF Stock Performance

iShares Global Tech ETF stock opened at $85.02 on Friday. iShares Global Tech ETF has a 1 year low of $61.66 and a 1 year high of $88.10. The firm has a 50 day moving average price of $81.49 and a 200 day moving average price of $79.95. The company has a market cap of $5.07 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.