Merit Financial Group LLC Invests $201,000 in iShares Global Tech ETF (NYSEARCA:IXN)

Merit Financial Group LLC purchased a new stake in iShares Global Tech ETF (NYSEARCA:IXN) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,946 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds have also modified their holdings of IXN. Marks Group Wealth Management Inc increased its stake in iShares Global Tech ETF by 89.0% in the fourth quarter. Marks Group Wealth Management Inc now owns 52,917 shares of the company’s stock valued at $3,608,000 after purchasing an additional 24,913 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of iShares Global Tech ETF in the 4th quarter valued at $212,000. Etfidea LLC raised its stake in iShares Global Tech ETF by 68.2% during the 3rd quarter. Etfidea LLC now owns 9,764 shares of the company’s stock worth $565,000 after buying an additional 3,959 shares during the period. Ignite Planners LLC lifted its holdings in iShares Global Tech ETF by 30.0% during the fourth quarter. Ignite Planners LLC now owns 4,882 shares of the company’s stock worth $324,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in iShares Global Tech ETF by 21.6% in the fourth quarter. Brookstone Capital Management now owns 4,336 shares of the company’s stock valued at $296,000 after acquiring an additional 769 shares during the period.

iShares Global Tech ETF Price Performance

Shares of iShares Global Tech ETF stock opened at $73.62 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 32.76 and a beta of 1.34. The business has a 50-day moving average of $73.40 and a two-hundred day moving average of $69.29. iShares Global Tech ETF has a 1 year low of $53.94 and a 1 year high of $76.25.

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.