Northwestern Mutual Wealth Management Co. Boosts Position in iShares Global Tech ETF $IXN

Northwestern Mutual Wealth Management Co. increased its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,432 shares of the company’s stock after buying an additional 4,830 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.11% of iShares Global Tech ETF worth $7,080,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Asempa Wealth Advisors purchased a new position in iShares Global Tech ETF in the 4th quarter worth about $852,000. Newbridge Financial Services Group Inc. increased its stake in iShares Global Tech ETF by 10.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99,153 shares of the company’s stock worth $10,411,000 after buying an additional 9,677 shares during the period. Wedbush Securities Inc. increased its stake in iShares Global Tech ETF by 173.4% in the 3rd quarter. Wedbush Securities Inc. now owns 8,393 shares of the company’s stock worth $866,000 after buying an additional 5,323 shares during the period. Farther Finance Advisors LLC increased its stake in iShares Global Tech ETF by 700.6% in the 4th quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock worth $1,701,000 after buying an additional 14,180 shares during the period. Finally, Blue Trust Inc. increased its stake in iShares Global Tech ETF by 541.5% in the 4th quarter. Blue Trust Inc. now owns 32,037 shares of the company’s stock worth $3,364,000 after buying an additional 27,043 shares during the period.

iShares Global Tech ETF Stock Performance

NYSEARCA IXN opened at $149.74 on Wednesday. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 34.73 and a beta of 1.32. The company’s 50-day simple moving average is $119.27 and its two-hundred day simple moving average is $110.50. iShares Global Tech ETF has a one year low of $84.76 and a one year high of $149.83.

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.