Wealthfront Advisers LLC Increases Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Wealthfront Advisers LLC lifted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 1,258.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 786,089 shares of the company’s stock after buying an additional 728,205 shares during the period. Wealthfront Advisers LLC’s holdings in iShares Global Tech ETF were worth $66,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new stake in iShares Global Tech ETF in the fourth quarter worth about $201,000. Townsquare Capital LLC grew its holdings in iShares Global Tech ETF by 16.1% in the third quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after purchasing an additional 444 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of iShares Global Tech ETF in the third quarter worth approximately $28,000. EP Wealth Advisors LLC lifted its stake in shares of iShares Global Tech ETF by 14.2% in the third quarter. EP Wealth Advisors LLC now owns 4,397 shares of the company’s stock worth $363,000 after buying an additional 548 shares in the last quarter. Finally, SK Wealth Management LLC bought a new position in shares of iShares Global Tech ETF in the third quarter worth approximately $215,000.

iShares Global Tech ETF Stock Performance

Shares of NYSEARCA IXN opened at $76.63 on Tuesday. The firm’s 50 day moving average price is $84.55 and its 200-day moving average price is $83.51. The company has a market cap of $4.53 billion, a PE ratio of 32.89 and a beta of 1.15. iShares Global Tech ETF has a 52-week low of $68.53 and a 52-week high of $88.62.

iShares Global Tech ETF Company 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.