Dakota Wealth Management Reduces Stock Position in iShares Global Tech ETF $IXN

Dakota Wealth Management cut its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,807 shares of the company’s stock after selling 162 shares during the period. Dakota Wealth Management’s holdings in iShares Global Tech ETF were worth $1,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Financial Network Inc. bought a new stake in shares of iShares Global Tech ETF in the second quarter worth $253,000. Virtu Financial LLC purchased a new position in iShares Global Tech ETF in the first quarter worth about $11,995,000. Balance Wealth LLC bought a new stake in shares of iShares Global Tech ETF during the 1st quarter valued at about $1,056,000. Accurate Wealth Management LLC bought a new stake in shares of iShares Global Tech ETF during the 2nd quarter valued at about $437,000. Finally, Kingswood Wealth Advisors LLC increased its position in shares of iShares Global Tech ETF by 76.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,745 shares of the company’s stock valued at $591,000 after purchasing an additional 3,355 shares during the last quarter.

iShares Global Tech ETF Trading Up 0.1%

IXN opened at $101.69 on Friday. The company’s 50 day moving average is $97.20 and its 200 day moving average is $87.35. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 34.73 and a beta of 1.15. iShares Global Tech ETF has a 12-month low of $63.58 and a 12-month high of $103.45.

iShares Global Tech ETF 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.