Shum Financial Group Inc. Invests $1.97 Million in iShares Global Tech ETF $IXN

Shum Financial Group Inc. bought a new position in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,100 shares of the company’s stock, valued at approximately $1,971,000. iShares Global Tech ETF makes up 1.5% of Shum Financial Group Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also modified their holdings of the company. Raleigh Capital Management Inc. raised its holdings in shares of iShares Global Tech ETF by 160.2% in the second quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of iShares Global Tech ETF during the second quarter worth about $30,000. Harbor Asset Planning Inc. purchased a new stake in shares of iShares Global Tech ETF in the second quarter worth about $40,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares Global Tech ETF in the first quarter worth about $47,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of iShares Global Tech ETF in the first quarter valued at about $80,000.

iShares Global Tech ETF Stock Performance

Shares of NYSEARCA:IXN opened at $105.90 on Wednesday. The business’s 50-day simple moving average is $105.78 and its 200 day simple moving average is $100.13. The company has a market cap of $6.48 billion, a P/E ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a one year low of $63.58 and a one year high of $112.78.

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.