Independent Financial Group LLC Makes New $949,000 Investment in iShares Global Tech ETF $IXN

Independent Financial Group LLC bought a new position in iShares Global Tech ETF (NYSEARCA:IXN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,490 shares of the company’s stock, valued at approximately $949,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in iShares Global Tech ETF by 16.7% in the fourth quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock valued at $372,000 after purchasing an additional 627 shares during the period. Marshall Wace LLP acquired a new position in iShares Global Tech ETF during the 2nd quarter worth approximately $791,000. Gamco Investors INC. ET AL acquired a new position in iShares Global Tech ETF during the 2nd quarter worth approximately $554,000. NewEdge Advisors LLC raised its stake in shares of iShares Global Tech ETF by 0.6% during the 2nd quarter. NewEdge Advisors LLC now owns 50,193 shares of the company’s stock worth $4,635,000 after buying an additional 306 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of iShares Global Tech ETF by 14,762.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after buying an additional 324,186 shares in the last quarter.

iShares Global Tech ETF Price Performance

IXN opened at $132.95 on Tuesday. The business has a 50 day simple moving average of $138.76 and a 200-day simple moving average of $119.18. The stock has a market capitalization of $8.70 billion, a P/E ratio of 34.73 and a beta of 1.36. iShares Global Tech ETF has a 12 month low of $93.27 and a 12 month high of $149.83.

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.