Marks Group Wealth Management Inc Grows Position in iShares Global Tech ETF (NYSEARCA:IXN)

Marks Group Wealth Management Inc raised its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,164 shares of the company’s stock after purchasing an additional 1,424 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Global Tech ETF were worth $3,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Patten & Patten Inc. TN increased its holdings in iShares Global Tech ETF by 1.3% in the 3rd quarter. Patten & Patten Inc. TN now owns 465,504 shares of the company’s stock worth $38,418,000 after buying an additional 5,808 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of iShares Global Tech ETF by 9,022.6% in the 3rd quarter. International Assets Investment Management LLC now owns 358,428 shares of the company’s stock valued at $29,581,000 after acquiring an additional 354,499 shares during the last quarter. Jane Street Group LLC increased its stake in shares of iShares Global Tech ETF by 269.8% in the third quarter. Jane Street Group LLC now owns 209,970 shares of the company’s stock worth $17,329,000 after acquiring an additional 153,183 shares during the period. Shira Ridge Wealth Management raised its holdings in shares of iShares Global Tech ETF by 1.0% during the fourth quarter. Shira Ridge Wealth Management now owns 195,624 shares of the company’s stock worth $16,579,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in iShares Global Tech ETF by 4.1% during the third quarter. Thrivent Financial for Lutherans now owns 162,232 shares of the company’s stock valued at $13,389,000 after purchasing an additional 6,423 shares during the period.

iShares Global Tech ETF Stock Performance

NYSEARCA:IXN opened at $86.10 on Wednesday. The firm’s fifty day moving average is $85.49 and its two-hundred day moving average is $82.73. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. iShares Global Tech ETF has a one year low of $68.53 and a one year high of $88.40.

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.