Patten Group Inc. Decreases Stake in iShares Global Tech ETF $IXN

Patten Group Inc. cut its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 22,790 shares of the company’s stock after selling 5,282 shares during the quarter. Patten Group Inc.’s holdings in iShares Global Tech ETF were worth $2,104,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. PGIM Custom Harvest LLC increased its stake in shares of iShares Global Tech ETF by 38.4% during the first quarter. PGIM Custom Harvest LLC now owns 1,929,209 shares of the company’s stock valued at $146,118,000 after buying an additional 534,897 shares during the period. LPL Financial LLC increased its stake in shares of iShares Global Tech ETF by 1.5% during the first quarter. LPL Financial LLC now owns 848,664 shares of the company’s stock valued at $64,278,000 after buying an additional 12,487 shares during the period. Patten & Patten Inc. TN increased its stake in shares of iShares Global Tech ETF by 3.8% during the second quarter. Patten & Patten Inc. TN now owns 506,634 shares of the company’s stock valued at $46,783,000 after buying an additional 18,741 shares during the period. Jane Street Group LLC increased its stake in shares of iShares Global Tech ETF by 298.9% during the first quarter. Jane Street Group LLC now owns 285,831 shares of the company’s stock valued at $21,649,000 after buying an additional 214,181 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares Global Tech ETF by 36.1% during the first quarter. Envestnet Asset Management Inc. now owns 244,237 shares of the company’s stock valued at $18,499,000 after buying an additional 64,812 shares during the period.

iShares Global Tech ETF Stock Performance

IXN opened at $105.74 on Wednesday. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $106.70. The stock has a market capitalization of $6.43 billion, a PE ratio of 34.73 and a beta of 1.15. The stock’s 50 day moving average price is $100.18 and its 200-day moving average price is $90.70.

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.