iShares Global Tech ETF (NYSEARCA:IXN) Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management reduced its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,094 shares of the company’s stock after selling 638 shares during the period. Sheets Smith Wealth Management’s holdings in iShares Global Tech ETF were worth $1,438,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. National Bank of Canada FI grew its stake in iShares Global Tech ETF by 8.5% in the 4th quarter. National Bank of Canada FI now owns 19,295 shares of the company’s stock worth $1,276,000 after acquiring an additional 1,505 shares during the period. Provence Wealth Management Group grew its stake in iShares Global Tech ETF by 49.9% in the 4th quarter. Provence Wealth Management Group now owns 8,925 shares of the company’s stock worth $609,000 after acquiring an additional 2,972 shares during the period. Signature Resources Capital Management LLC purchased a new stake in iShares Global Tech ETF in the 4th quarter worth approximately $137,000. Merit Financial Group LLC purchased a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at $201,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at $3,861,000.

iShares Global Tech ETF Stock Up 2.8 %

Shares of NYSEARCA IXN traded up $2.00 during trading on Friday, hitting $72.86. 194,649 shares of the company traded hands, compared to its average volume of 330,755. iShares Global Tech ETF has a 1 year low of $53.01 and a 1 year high of $76.25. The company has a 50-day moving average price of $73.34 and a 200-day moving average price of $69.01. The firm has a market capitalization of $4.36 billion, a P/E ratio of 32.76 and a beta of 1.34.

About iShares Global Tech ETF

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.