Savvy Advisors Inc. Trims Holdings in iShares Global Tech ETF $IXN

Savvy Advisors Inc. cut its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 24.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,444 shares of the company’s stock after selling 787 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares Global Tech ETF were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC grew its stake in iShares Global Tech ETF by 8.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,561 shares of the company’s stock worth $144,000 after acquiring an additional 116 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of iShares Global Tech ETF by 160.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of iShares Global Tech ETF by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,383 shares of the company’s stock valued at $1,014,000 after buying an additional 174 shares during the period. PFG Advisors raised its position in shares of iShares Global Tech ETF by 3.5% in the 1st quarter. PFG Advisors now owns 5,425 shares of the company’s stock worth $411,000 after buying an additional 184 shares during the period. Finally, Sigma Planning Corp boosted its holdings in iShares Global Tech ETF by 2.7% in the first quarter. Sigma Planning Corp now owns 8,815 shares of the company’s stock valued at $668,000 after acquiring an additional 229 shares during the last quarter.

iShares Global Tech ETF Price Performance

Shares of NYSEARCA:IXN opened at $110.55 on Monday. The business has a 50-day moving average of $102.21 and a two-hundred day moving average of $93.12. The firm has a market capitalization of $6.74 billion, a PE ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 12 month low of $63.58 and a 12 month high of $112.78.

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.