IFP Advisors Inc Boosts Stake in iShares Global Tech ETF (NYSEARCA:IXN)

IFP Advisors Inc grew its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 1,654.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,352 shares of the company’s stock after buying an additional 5,047 shares during the period. IFP Advisors Inc’s holdings in iShares Global Tech ETF were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in shares of iShares Global Tech ETF in the fourth quarter worth $201,000. Townsquare Capital LLC increased its stake in shares of iShares Global Tech ETF by 16.1% in the third quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after acquiring an additional 444 shares during the period. US Bancorp DE increased its stake in shares of iShares Global Tech ETF by 6.3% in the third quarter. US Bancorp DE now owns 17,401 shares of the company’s stock worth $1,436,000 after acquiring an additional 1,025 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of iShares Global Tech ETF in the third quarter worth $28,000. Finally, EP Wealth Advisors LLC increased its stake in shares of iShares Global Tech ETF by 14.2% in the third quarter. EP Wealth Advisors LLC now owns 4,397 shares of the company’s stock worth $363,000 after acquiring an additional 548 shares during the period.

iShares Global Tech ETF Price Performance

NYSEARCA:IXN opened at $82.40 on Friday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 37.10 and a beta of 1.13. iShares Global Tech ETF has a 1-year low of $68.53 and a 1-year high of $88.62. The company’s fifty day moving average price is $85.45 and its 200-day moving average price is $83.57.

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.