U.S. Capital Wealth Advisors LLC Increases Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

U.S. Capital Wealth Advisors LLC boosted its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,505 shares of the company’s stock after purchasing an additional 2,482 shares during the quarter. U.S. Capital Wealth Advisors LLC owned about 0.05% of iShares Global Tech ETF worth $2,386,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of IXN. Wealthfront Advisers LLC raised its position in shares of iShares Global Tech ETF by 1,258.0% during the 4th quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock valued at $66,621,000 after buying an additional 728,205 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at about $23,427,000. Wells Fargo & Company MN raised its position in shares of iShares Global Tech ETF by 10.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock valued at $85,724,000 after buying an additional 94,145 shares in the last quarter. Nicholson Meyer Capital Management Inc. purchased a new stake in shares of iShares Global Tech ETF during the 1st quarter valued at about $6,501,000. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Global Tech ETF by 36.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 244,237 shares of the company’s stock valued at $18,499,000 after buying an additional 64,812 shares in the last quarter.

iShares Global Tech ETF Trading Up 0.4%

Shares of NYSEARCA IXN opened at $92.92 on Wednesday. The firm’s 50-day moving average price is $85.97 and its 200-day moving average price is $82.49. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 34.73 and a beta of 1.15. iShares Global Tech ETF has a 12-month low of $63.58 and a 12-month high of $93.94.

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.