Sterling Group Wealth Management LLC Boosts Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

Sterling Group Wealth Management LLC increased its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,110 shares of the company’s stock after purchasing an additional 370 shares during the quarter. iShares Global Tech ETF accounts for 4.7% of Sterling Group Wealth Management LLC’s holdings, making the stock its 8th biggest position. Sterling Group Wealth Management LLC’s holdings in iShares Global Tech ETF were worth $9,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. VitalStone Financial LLC raised its holdings in shares of iShares Global Tech ETF by 0.9% during the third quarter. VitalStone Financial LLC now owns 25,663 shares of the company’s stock valued at $2,118,000 after acquiring an additional 224 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of iShares Global Tech ETF in the second quarter valued at $783,000. Townsquare Capital LLC boosted its position in shares of iShares Global Tech ETF by 16.1% in the third quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after buying an additional 444 shares during the period. Blue Trust Inc. raised its position in iShares Global Tech ETF by 4.0% during the third quarter. Blue Trust Inc. now owns 4,000 shares of the company’s stock valued at $331,000 after buying an additional 155 shares during the period. Finally, US Bancorp DE boosted its position in iShares Global Tech ETF by 6.3% during the 3rd quarter. US Bancorp DE now owns 17,401 shares of the company’s stock worth $1,436,000 after acquiring an additional 1,025 shares during the period.

iShares Global Tech ETF Price Performance

NYSEARCA IXN opened at $87.70 on Friday. The company has a 50 day simple moving average of $85.12 and a 200-day simple moving average of $82.67. iShares Global Tech ETF has a 52-week low of $68.53 and a 52-week high of $88.40. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37.

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.