Parallel Advisors LLC Has $29.12 Million Stock Position in iShares Global Tech ETF $IXN

Parallel Advisors LLC raised its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 5.7% in the third quarter, HoldingsChannel.com reports. The firm owned 282,174 shares of the company’s stock after purchasing an additional 15,180 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Global Tech ETF were worth $29,123,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of iShares Global Tech ETF by 14,762.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after buying an additional 324,186 shares during the period. Sava Penzisko Drushtvo A.D. Skopje acquired a new position in iShares Global Tech ETF in the third quarter valued at $31,504,000. Bank of America Corp DE lifted its holdings in iShares Global Tech ETF by 8.7% in the second quarter. Bank of America Corp DE now owns 2,398,815 shares of the company’s stock valued at $221,507,000 after buying an additional 191,600 shares during the period. Fisher Asset Management LLC boosted its position in iShares Global Tech ETF by 1.2% during the third quarter. Fisher Asset Management LLC now owns 2,995,668 shares of the company’s stock valued at $309,183,000 after acquiring an additional 36,169 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in iShares Global Tech ETF by 22.3% during the third quarter. Thrivent Financial for Lutherans now owns 188,976 shares of the company’s stock valued at $19,504,000 after acquiring an additional 34,447 shares during the last quarter.

iShares Global Tech ETF Trading Down 1.9%

Shares of iShares Global Tech ETF stock opened at $103.39 on Friday. The business has a 50-day moving average price of $106.69 and a two-hundred day moving average price of $104.44. iShares Global Tech ETF has a 1-year low of $63.58 and a 1-year high of $112.78. The company has a market cap of $6.30 billion, a P/E ratio of 34.73 and a beta of 1.24.

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.