Newbridge Financial Services Group Inc. Grows Holdings in iShares Global Tech ETF $IXN

Newbridge Financial Services Group Inc. boosted its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,375 shares of the company’s stock after purchasing an additional 12,300 shares during the quarter. iShares Global Tech ETF makes up about 1.3% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 17th largest holding. Newbridge Financial Services Group Inc. owned about 0.14% of iShares Global Tech ETF worth $7,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings 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 purchasing an additional 173 shares during the period. SOA Wealth Advisors LLC. bought a new stake in iShares Global Tech ETF in the second quarter valued at $30,000. Harbor Asset Planning Inc. acquired a new position in shares of iShares Global Tech ETF during the second quarter valued at $40,000. Flaharty Asset Management LLC bought a new position in shares of iShares Global Tech ETF during the first quarter worth about $47,000. Finally, 1 North Wealth Services LLC bought a new position in shares of iShares Global Tech ETF during the first quarter worth about $80,000.

iShares Global Tech ETF Stock Down 2.9%

Shares of NYSEARCA:IXN opened at $104.31 on Friday. The company’s 50-day moving average price is $105.89 and its 200 day moving average price is $98.48. The company has a market cap of $6.38 billion, a PE ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a fifty-two week low of $63.58 and a fifty-two week high of $112.78.

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.