Sequoia Financial Advisors LLC Acquires Shares of 3,108 iShares Global Tech ETF (NYSEARCA:IXN)

Sequoia Financial Advisors LLC acquired a new position in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,108 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. Planned Solutions Inc. purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $27,000. Capital Investment Counsel Inc bought a new stake in shares of iShares Global Tech ETF during the 3rd quarter worth $33,000. Tower Research Capital LLC TRC boosted its holdings in shares of iShares Global Tech ETF by 626.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 857 shares of the company’s stock worth $36,000 after buying an additional 739 shares during the last quarter. Simplex Trading LLC grew its position in iShares Global Tech ETF by 11,000.0% during the third quarter. Simplex Trading LLC now owns 666 shares of the company’s stock valued at $38,000 after buying an additional 660 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. bought a new position in iShares Global Tech ETF during the first quarter valued at about $39,000.

iShares Global Tech ETF Stock Performance

Shares of IXN stock opened at $68.72 on Friday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 34.43 and a beta of 1.32. iShares Global Tech ETF has a 52 week low of $51.78 and a 52 week high of $76.25. The firm’s 50-day simple moving average is $73.58 and its two-hundred day simple moving average is $68.13.

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.