Bank of America Corp DE Cuts Position in iShares Global Tech ETF $IXN

Bank of America Corp DE reduced its position in iShares Global Tech ETF (NYSEARCA:IXN) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,210,237 shares of the company’s stock after selling 194,646 shares during the quarter. Bank of America Corp DE’s holdings in iShares Global Tech ETF were worth $220,957,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in iShares Global Tech ETF during the first quarter valued at approximately $534,000. Patten & Patten Inc. TN grew its stake in iShares Global Tech ETF by 2.9% during the fourth quarter. Patten & Patten Inc. TN now owns 545,249 shares of the company’s stock worth $57,251,000 after buying an additional 15,285 shares during the period. Farther Finance Advisors LLC increased its position in shares of iShares Global Tech ETF by 700.6% in the fourth quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock worth $1,701,000 after acquiring an additional 14,180 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of iShares Global Tech ETF by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 195,520 shares of the company’s stock worth $20,549,000 after acquiring an additional 6,544 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of iShares Global Tech ETF by 10.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99,153 shares of the company’s stock valued at $10,411,000 after acquiring an additional 9,677 shares during the period.

iShares Global Tech ETF Trading Up 1.3%

NYSEARCA:IXN opened at $134.47 on Tuesday. The firm’s fifty day simple moving average is $138.72 and its 200 day simple moving average is $121.03. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36. iShares Global Tech ETF has a twelve month low of $93.27 and a twelve month 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.