Kovack Advisors Inc. Has $1.44 Million Stock Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Kovack Advisors Inc. decreased its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 17,416 shares of the company’s stock after selling 217 shares during the period. Kovack Advisors Inc.’s holdings in iShares Global Tech ETF were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IXN. Prime Capital Investment Advisors LLC bought a new stake in shares of iShares Global Tech ETF in the 3rd quarter valued at about $215,000. Harbour Investments Inc. increased its position in iShares Global Tech ETF by 9.2% during the third quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock worth $232,000 after buying an additional 238 shares during the last quarter. Patten & Patten Inc. TN raised its stake in iShares Global Tech ETF by 1.3% in the third quarter. Patten & Patten Inc. TN now owns 465,504 shares of the company’s stock valued at $38,418,000 after buying an additional 5,808 shares during the period. Tyler Stone Wealth Management lifted its position in shares of iShares Global Tech ETF by 92.4% in the third quarter. Tyler Stone Wealth Management now owns 12,173 shares of the company’s stock valued at $1,005,000 after buying an additional 5,845 shares during the last quarter. Finally, Vickerman Investment Advisors Inc. boosted its stake in shares of iShares Global Tech ETF by 5.1% during the 3rd quarter. Vickerman Investment Advisors Inc. now owns 134,040 shares of the company’s stock worth $11,062,000 after acquiring an additional 6,494 shares during the period.

iShares Global Tech ETF Stock Performance

IXN traded down $0.39 during trading hours on Wednesday, reaching $83.63. The company’s stock had a trading volume of 10,927 shares, compared to its average volume of 263,783. The company’s 50-day moving average is $81.82 and its 200-day moving average is $80.41. iShares Global Tech ETF has a 52 week low of $63.77 and a 52 week high of $88.10. The firm has a market cap of $4.99 billion, a PE 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.