Avantax Advisory Services Inc. Sells 12,048 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Avantax Advisory Services Inc. reduced its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,717 shares of the company’s stock after selling 12,048 shares during the quarter. Avantax Advisory Services Inc. owned about 0.09% of iShares Global Tech ETF worth $4,468,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new stake in iShares Global Tech ETF in the fourth quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new stake in iShares Global Tech ETF in the third quarter worth approximately $28,000. Hager Investment Management Services LLC bought a new stake in iShares Global Tech ETF in the fourth quarter worth approximately $33,000. Halbert Hargrove Global Advisors LLC bought a new stake in iShares Global Tech ETF in the fourth quarter worth approximately $44,000. Finally, Realta Investment Advisors bought a new stake in iShares Global Tech ETF in the fourth quarter worth approximately $52,000.

iShares Global Tech ETF Stock Performance

Shares of IXN stock opened at $78.42 on Friday. The company has a market cap of $4.63 billion, a P/E ratio of 32.89 and a beta of 1.15. The stock has a 50 day simple moving average of $83.93 and a two-hundred day simple moving average of $83.36. iShares Global Tech ETF has a fifty-two week low of $68.53 and a fifty-two week 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.