Maridea Wealth Management LLC Trims Stock Holdings in iShares Global Tech ETF (NYSEARCA:IXN)

Maridea Wealth Management LLC decreased its position in iShares Global Tech ETF (NYSEARCA:IXN) by 35.0% in the first quarter, HoldingsChannel.com reports. The fund owned 11,315 shares of the company’s stock after selling 6,080 shares during the period. Maridea Wealth Management LLC’s holdings in iShares Global Tech ETF were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new stake in iShares Global Tech ETF during the 1st quarter worth about $34,000. Tradewinds Capital Management LLC acquired a new stake in iShares Global Tech ETF during the 1st quarter worth about $36,000. Transce3nd LLC acquired a new stake in iShares Global Tech ETF during the 4th quarter worth about $60,000. Spectrum Wealth Counsel LLC acquired a new stake in iShares Global Tech ETF during the 1st quarter worth about $62,000. Finally, North Capital Inc. acquired a new stake in iShares Global Tech ETF during the 1st quarter worth about $76,000.

iShares Global Tech ETF Stock Performance

Shares of IXN opened at $95.51 on Monday. The business’s 50-day moving average is $89.43 and its two-hundred day moving average is $83.22. The company has a market capitalization of $5.69 billion, a P/E ratio of 34.73 and a beta of 1.15. iShares Global Tech ETF has a fifty-two week low of $63.58 and a fifty-two week high of $95.92.

iShares Global Tech ETF 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.