Platform Technology Partners Makes New Investment in iShares Global Tech ETF $IXN

Platform Technology Partners purchased a new stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,016 shares of the company’s stock, valued at approximately $601,000.

Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its holdings in shares of iShares Global Tech ETF by 64.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,152,840 shares of the company’s stock worth $110,396,000 after buying an additional 450,580 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings 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 valued at $30,138,000 after buying an additional 324,186 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Global Tech ETF by 8.7% during 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 last quarter. HighTower Advisors LLC increased its position in shares of iShares Global Tech ETF by 229.0% in the 4th quarter. HighTower Advisors LLC now owns 224,535 shares of the company’s stock valued at $23,576,000 after acquiring an additional 156,283 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Global Tech ETF by 202.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 189,182 shares of the company’s stock valued at $19,864,000 after acquiring an additional 126,580 shares during the period.

iShares Global Tech ETF Price Performance

Shares of IXN stock opened at $136.50 on Friday. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36. The business has a fifty day moving average of $135.95 and a 200 day moving average of $116.57. iShares Global Tech ETF has a 1 year low of $92.17 and a 1 year high of $149.83.

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.