Sequoia Financial Advisors LLC Sells 359 Shares of iShares Global Tech ETF $IXN

Sequoia Financial Advisors LLC trimmed its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,108 shares of the company’s stock after selling 359 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Global Tech ETF were worth $287,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IXN. Raleigh Capital Management Inc. boosted its position in iShares Global Tech ETF by 160.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new position in shares of iShares Global Tech ETF during the second quarter valued at approximately $30,000. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Global Tech ETF during the first quarter valued at approximately $34,000. Tradewinds Capital Management LLC purchased a new position in shares of iShares Global Tech ETF during the first quarter valued at approximately $36,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of iShares Global Tech ETF during the first quarter valued at approximately $47,000.

iShares Global Tech ETF Stock Performance

IXN stock opened at $104.89 on Thursday. The firm has a 50 day moving average price of $100.32 and a 200-day moving average price of $90.80. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $106.70. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 34.73 and a beta of 1.15.

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.