Ascent Group LLC Cuts Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Ascent Group LLC lowered its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 14.6% in the 1st quarter, HoldingsChannel reports. The fund owned 6,738 shares of the company’s stock after selling 1,153 shares during the period. Ascent Group LLC’s holdings in iShares Global Tech ETF were worth $504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IXN. Assetmark Inc. grew its position in iShares Global Tech ETF by 686,141.2% in the fourth quarter. Assetmark Inc. now owns 699,966 shares of the company’s stock worth $47,724,000 after acquiring an additional 699,864 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of iShares Global Tech ETF by 5,858.3% during the fourth quarter. International Assets Investment Management LLC now owns 552,279 shares of the company’s stock valued at $37,654,000 after buying an additional 543,010 shares during the period. Gimbal Financial bought a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $13,213,000. Executive Wealth Group LLC grew its stake in shares of iShares Global Tech ETF by 200.0% during the first quarter. Executive Wealth Group LLC now owns 284,556 shares of the company’s stock valued at $20,690,000 after buying an additional 189,704 shares during the last quarter. Finally, Aveo Capital Partners LLC bought a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $3,861,000.

iShares Global Tech ETF Price Performance

Shares of IXN traded down $1.21 during mid-day trading on Tuesday, reaching $77.70. 51,182 shares of the company’s stock traded hands, compared to its average volume of 269,545. The stock has a market cap of $4.63 billion, a P/E ratio of 34.17 and a beta of 1.37. The stock’s 50-day moving average is $81.76 and its two-hundred day moving average is $75.95. iShares Global Tech ETF has a 12 month low of $56.30 and a 12 month high of $88.10.

iShares Global Tech ETF Company 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.