iShares Global Tech ETF (NYSEARCA:IXN) Position Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,016 shares of the company’s stock after selling 9,068 shares during the period. Envestnet Asset Management Inc. owned about 0.20% of iShares Global Tech ETF worth $7,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IXN. Venturi Wealth Management LLC purchased a new stake in shares of iShares Global Tech ETF during the first quarter worth $33,000. Tower Research Capital LLC TRC raised its holdings in iShares Global Tech ETF by 626.3% during the third quarter. Tower Research Capital LLC TRC now owns 857 shares of the company’s stock valued at $36,000 after buying an additional 739 shares in the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in iShares Global Tech ETF during the first quarter valued at about $39,000. Northwest Capital Management Inc bought a new position in iShares Global Tech ETF during the second quarter valued at about $47,000. Finally, Compass Wealth Management LLC bought a new position in iShares Global Tech ETF during the fourth quarter valued at about $51,000.

iShares Global Tech ETF Price Performance

NYSEARCA IXN opened at $64.79 on Friday. iShares Global Tech ETF has a fifty-two week low of $43.76 and a fifty-two week high of $64.99. The stock’s 50-day moving average is $59.65 and its two-hundred day moving average is $59.85. The firm has a market cap of $3.88 billion, a P/E ratio of 22.95 and a beta of 1.15.

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.