Envestnet Asset Management Inc. Buys 28,575 Shares of iShares Global Tech ETF $IXN

Envestnet Asset Management Inc. boosted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 16.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,176 shares of the company’s stock after acquiring an additional 28,575 shares during the period. Envestnet Asset Management Inc. owned 0.32% of iShares Global Tech ETF worth $20,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. West Branch Capital LLC bought a new position in shares of iShares Global Tech ETF during the 3rd quarter valued at about $36,000. Manning & Napier Advisors LLC bought a new stake in shares of iShares Global Tech ETF in the third quarter worth about $39,000. Mather Group LLC. purchased a new stake in shares of iShares Global Tech ETF in the third quarter worth about $81,000. Root Financial Partners LLC bought a new position in iShares Global Tech ETF during the third quarter valued at approximately $113,000. Finally, Kilter Group LLC bought a new position in iShares Global Tech ETF during the second quarter valued at approximately $171,000.

iShares Global Tech ETF Price Performance

NYSEARCA:IXN opened at $105.70 on Friday. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 1 year low of $63.58 and a 1 year high of $112.78. The stock’s 50 day simple moving average is $106.24 and its two-hundred day simple moving average is $103.39.

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.