Navellier & Associates Inc. Makes New $1.45 Million Investment in iShares Global Tech ETF $IXN

Navellier & Associates Inc. purchased a new stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,261 shares of the company’s stock, valued at approximately $1,454,000.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in iShares Global Tech ETF by 2.3% in the 4th quarter. Continuum Advisory LLC now owns 4,209 shares of the company’s stock worth $442,000 after purchasing an additional 94 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of iShares Global Tech ETF by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,088 shares of the company’s stock valued at $534,000 after buying an additional 98 shares during the last quarter. Balance Wealth LLC increased its holdings in shares of iShares Global Tech ETF by 0.6% in the first quarter. Balance Wealth LLC now owns 15,923 shares of the company’s stock worth $1,592,000 after buying an additional 99 shares during the period. Columbus Macro LLC increased its holdings in shares of iShares Global Tech ETF by 0.6% in the first quarter. Columbus Macro LLC now owns 18,339 shares of the company’s stock worth $1,833,000 after buying an additional 109 shares during the period. Finally, Key Financial Inc lifted its stake in shares of iShares Global Tech ETF by 5.5% in the 1st quarter. Key Financial Inc now owns 2,397 shares of the company’s stock valued at $240,000 after acquiring an additional 125 shares during the last quarter.

iShares Global Tech ETF Stock Performance

Shares of iShares Global Tech ETF stock opened at $140.60 on Friday. iShares Global Tech ETF has a 52-week low of $93.27 and a 52-week high of $149.83. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 34.73 and a beta of 1.37. The company’s 50 day moving average price is $138.12 and its 200-day moving average price is $125.39.

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.