Pictet Asset Management Holding SA Raises Stake in iShares Global Tech ETF $IXN

Pictet Asset Management Holding SA boosted its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 64.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,152,840 shares of the company’s stock after purchasing an additional 450,580 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Global Tech ETF were worth $110,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Global Tech ETF during the fourth quarter valued at about $25,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Global Tech ETF in the fourth quarter worth about $28,000. Larson Financial Group LLC bought a new position in shares of iShares Global Tech ETF in the third quarter valued at approximately $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of iShares Global Tech ETF in the fourth quarter valued at approximately $28,000. Finally, EFG International AG purchased a new position in iShares Global Tech ETF during the fourth quarter valued at approximately $32,000.

iShares Global Tech ETF Stock Performance

Shares of NYSEARCA:IXN opened at $138.15 on Monday. The company has a 50 day moving average of $133.66 and a 200 day moving average of $115.49. The stock has a market cap of $8.99 billion, a P/E ratio of 34.73 and a beta of 1.36. iShares Global Tech ETF has a 12 month low of $90.76 and a 12 month high of $149.83.

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.