HighTower Advisors LLC Sells 5,007 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

HighTower Advisors LLC trimmed its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 66,416 shares of the company’s stock after selling 5,007 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Global Tech ETF were worth $5,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC bought a new position in iShares Global Tech ETF in the 2nd quarter valued at $414,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Global Tech ETF by 7.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,022 shares of the company’s stock valued at $4,557,000 after acquiring an additional 3,989 shares during the period. ORG Partners LLC acquired a new stake in iShares Global Tech ETF in the second quarter worth about $60,000. SteelPeak Wealth LLC raised its holdings in iShares Global Tech ETF by 5.5% during the 2nd quarter. SteelPeak Wealth LLC now owns 3,050 shares of the company’s stock worth $253,000 after purchasing an additional 160 shares during the last quarter. Finally, 4J Wealth Management LLC raised its holdings in iShares Global Tech ETF by 1.6% during the 2nd quarter. 4J Wealth Management LLC now owns 26,225 shares of the company’s stock worth $2,172,000 after purchasing an additional 425 shares during the last quarter.

iShares Global Tech ETF Trading Down 1.0 %

Shares of NYSEARCA IXN opened at $85.41 on Wednesday. iShares Global Tech ETF has a 1 year low of $64.93 and a 1 year high of $88.10. The firm’s 50-day moving average is $83.32 and its 200-day moving average is $81.71. The firm has a market capitalization of $5.09 billion, a PE ratio of 34.17 and a beta of 1.37.

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.