Independent Advisor Alliance Reduces Holdings in iShares Global Tech ETF $IXN

Independent Advisor Alliance lowered its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 59.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,706 shares of the company’s stock after selling 5,496 shares during the quarter. Independent Advisor Alliance’s holdings in iShares Global Tech ETF were worth $389,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NorthCrest Asset Manangement LLC boosted its position in shares of iShares Global Tech ETF by 2.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,770 shares of the company’s stock valued at $500,000 after purchasing an additional 95 shares during the period. Oppenheimer & Co. Inc. increased its position in iShares Global Tech ETF by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,088 shares of the company’s stock worth $534,000 after buying an additional 98 shares during the period. Mountain Capital Investment Advisors Inc. increased its position in iShares Global Tech ETF by 2.7% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 4,641 shares of the company’s stock worth $498,000 after buying an additional 124 shares during the period. Intelligence Driven Advisers LLC lifted its stake in iShares Global Tech ETF by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 3,397 shares of the company’s stock valued at $351,000 after buying an additional 130 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in iShares Global Tech ETF by 1.0% in the third quarter. Meridian Wealth Management LLC now owns 16,069 shares of the company’s stock valued at $1,658,000 after buying an additional 155 shares during the last quarter.

iShares Global Tech ETF Stock Performance

Shares of IXN opened at $132.08 on Monday. The company’s 50 day simple moving average is $112.07 and its 200-day simple moving average is $108.30. The firm has a market cap of $8.59 billion, a PE ratio of 34.73 and a beta of 1.32. iShares Global Tech ETF has a 12-month low of $82.11 and a 12-month high of $135.70.

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.