iShares Global Tech ETF (NYSEARCA:IXN) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,731 shares of the company’s stock after purchasing an additional 898 shares during the period. Merit Financial Group LLC’s holdings in iShares Global Tech ETF were worth $316,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares Global Tech ETF during the 3rd quarter worth about $28,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Global Tech ETF during the 3rd quarter worth about $61,000. Goodman Advisory Group LLC purchased a new position in shares of iShares Global Tech ETF during the 3rd quarter worth about $70,000. Morse Asset Management Inc purchased a new position in shares of iShares Global Tech ETF during the 3rd quarter worth about $83,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of iShares Global Tech ETF by 53.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,310 shares of the company’s stock worth $191,000 after acquiring an additional 800 shares during the period.

iShares Global Tech ETF Stock Performance

NYSEARCA IXN opened at $87.00 on Friday. iShares Global Tech ETF has a one year low of $68.53 and a one year high of $88.40. The company’s 50 day moving average price is $85.20 and its 200 day moving average price is $82.71. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37.

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.