Navellier & Associates Inc. bought a new position in iShares Global Tech ETF (NYSEARCA:IXN – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,261 shares of the company’s stock, valued at approximately $1,454,000.
A number of other hedge funds have also added to or reduced their stakes in IXN. First Bancorp Inc ME bought a new position in shares of iShares Global Tech ETF in the second quarter valued at approximately $52,000. C M Bidwell & Associates Ltd. purchased a new position in iShares Global Tech ETF during the second quarter worth about $30,000. Investors Research Corp bought a new position in iShares Global Tech ETF in the 2nd quarter worth about $38,000. Annex Advisory Services LLC purchased a new stake in shares of iShares Global Tech ETF in the 2nd quarter valued at about $203,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of iShares Global Tech ETF by 1.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,305 shares of the company’s stock valued at $3,223,000 after acquiring an additional 281 shares in the last quarter.
iShares Global Tech ETF Price Performance
Shares of IXN opened at $140.60 on Friday. The firm’s 50 day simple moving average is $138.12 and its 200 day simple moving average is $125.39. The company has a market capitalization of $8.82 billion, a P/E ratio of 34.73 and a beta of 1.37. iShares Global Tech ETF has a 1-year low of $93.27 and a 1-year high of $149.83.
About iShares Global Tech ETF
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.
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