Richardson Capital Management LLC Grows Stock Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Richardson Capital Management LLC lifted its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 344.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,679 shares of the company’s stock after purchasing an additional 2,852 shares during the period. iShares Global Tech ETF comprises about 0.2% of Richardson Capital Management LLC’s holdings, making the stock its 25th largest position. Richardson Capital Management LLC’s holdings in iShares Global Tech ETF were worth $275,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IXN. Hsbc Holdings PLC lifted its position in iShares Global Tech ETF by 15.0% in the third quarter. Hsbc Holdings PLC now owns 27,580 shares of the company’s stock valued at $1,595,000 after acquiring an additional 3,600 shares during the last quarter. Mariner LLC lifted its position in iShares Global Tech ETF by 7.6% in the third quarter. Mariner LLC now owns 62,008 shares of the company’s stock valued at $3,587,000 after acquiring an additional 4,392 shares during the last quarter. Stifel Financial Corp lifted its position in iShares Global Tech ETF by 20.6% in the third quarter. Stifel Financial Corp now owns 64,496 shares of the company’s stock valued at $3,731,000 after acquiring an additional 11,009 shares during the last quarter. Mutual Advisors LLC lifted its position in iShares Global Tech ETF by 9.5% in the third quarter. Mutual Advisors LLC now owns 12,705 shares of the company’s stock valued at $735,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in iShares Global Tech ETF by 211.9% in the third quarter. Waverly Advisors LLC now owns 44,529 shares of the company’s stock valued at $2,576,000 after acquiring an additional 30,254 shares during the last quarter.

iShares Global Tech ETF Stock Performance

NYSEARCA IXN traded down $0.14 during trading on Friday, reaching $82.82. The company’s stock had a trading volume of 211,958 shares, compared to its average volume of 284,596. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. iShares Global Tech ETF has a twelve month low of $56.30 and a twelve month high of $85.46. The business’s fifty day moving average price is $77.28 and its 200-day moving average price is $73.49.

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.