iShares Global Tech ETF $IXN Stock Position Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 202.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,182 shares of the company’s stock after purchasing an additional 126,580 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Global Tech ETF were worth $19,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in iShares Global Tech ETF during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new position in iShares Global Tech ETF during the third quarter valued at approximately $28,000. Triumph Capital Management purchased a new position in iShares Global Tech ETF during the third quarter valued at approximately $54,000. Capital Investment Counsel Inc purchased a new position in iShares Global Tech ETF during the fourth quarter valued at approximately $60,000. Finally, Elevated Capital Advisors LLC purchased a new position in iShares Global Tech ETF during the fourth quarter valued at approximately $84,000.

iShares Global Tech ETF Stock Performance

Shares of IXN opened at $129.91 on Wednesday. The company’s 50 day moving average price is $113.11 and its 200 day moving average price is $108.56. iShares Global Tech ETF has a 52 week low of $82.11 and a 52 week high of $135.70. The company has a market capitalization of $8.45 billion, a PE ratio of 34.73 and a beta of 1.32.

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.