Parallel Advisors LLC Buys 5,325 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Parallel Advisors LLC lifted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,747 shares of the company’s stock after acquiring an additional 5,325 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Global Tech ETF were worth $22,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IXN. Harbour Investments Inc. raised its position in iShares Global Tech ETF by 9.2% during the 3rd quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock valued at $232,000 after purchasing an additional 238 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of iShares Global Tech ETF during the third quarter valued at $215,000. Thrivent Financial for Lutherans raised its holdings in shares of iShares Global Tech ETF by 4.1% in the third quarter. Thrivent Financial for Lutherans now owns 162,232 shares of the company’s stock valued at $13,389,000 after acquiring an additional 6,423 shares in the last quarter. EQ LLC lifted its stake in iShares Global Tech ETF by 8.9% in the third quarter. EQ LLC now owns 35,029 shares of the company’s stock worth $2,891,000 after acquiring an additional 2,868 shares during the period. Finally, Tidemark LLC grew its holdings in iShares Global Tech ETF by 72.6% during the 3rd quarter. Tidemark LLC now owns 4,123 shares of the company’s stock worth $340,000 after acquiring an additional 1,734 shares in the last quarter.

iShares Global Tech ETF Stock Performance

Shares of IXN opened at $78.42 on Monday. The company has a 50 day moving average price of $83.93 and a 200-day moving average price of $83.38. iShares Global Tech ETF has a fifty-two week low of $68.53 and a fifty-two week high of $88.62. The stock has a market capitalization of $4.63 billion, a PE ratio of 32.89 and a beta of 1.15.

iShares Global Tech ETF Company 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.