Avantax Advisory Services Inc. Has $5.71 Million Position in iShares Global Tech ETF (NYSEARCA:IXN)

Avantax Advisory Services Inc. reduced its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 9.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,258 shares of the company’s stock after selling 8,070 shares during the period. Avantax Advisory Services Inc. owned 0.13% of iShares Global Tech ETF worth $5,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IXN. Assetmark Inc. grew its holdings in shares of iShares Global Tech ETF by 686,141.2% during the 4th quarter. Assetmark Inc. now owns 699,966 shares of the company’s stock valued at $47,724,000 after acquiring an additional 699,864 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in iShares Global Tech ETF by 5,858.3% in the fourth quarter. International Assets Investment Management LLC now owns 552,279 shares of the company’s stock worth $37,654,000 after purchasing an additional 543,010 shares in the last quarter. Gimbal Financial bought a new stake in iShares Global Tech ETF in the fourth quarter worth $13,213,000. Executive Wealth Group LLC boosted its holdings in iShares Global Tech ETF by 200.0% in the first quarter. Executive Wealth Group LLC now owns 284,556 shares of the company’s stock worth $20,690,000 after purchasing an additional 189,704 shares in the last quarter. Finally, Aveo Capital Partners LLC bought a new stake in iShares Global Tech ETF in the fourth quarter worth $3,861,000.

iShares Global Tech ETF Price Performance

NYSEARCA:IXN traded down $3.30 during trading hours on Wednesday, reaching $82.93. The company’s stock had a trading volume of 211,752 shares, compared to its average volume of 274,759. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. iShares Global Tech ETF has a one year low of $56.30 and a one year high of $88.10. The business’s 50-day moving average is $80.73 and its 200-day moving average is $75.04.

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.