Avalon Trust Co Purchases Shares of 2,503 iShares Global Tech ETF (NYSEARCA:IXN)

Avalon Trust Co purchased a new stake in iShares Global Tech ETF (NYSEARCA:IXN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,503 shares of the company’s stock, valued at approximately $190,000.

Other hedge funds also recently added to or reduced their stakes in the company. Balance Wealth LLC purchased a new position in iShares Global Tech ETF in the first quarter valued at approximately $1,056,000. Renaissance Technologies LLC purchased a new position in iShares Global Tech ETF in the fourth quarter valued at approximately $873,000. MGO One Seven LLC increased its stake in iShares Global Tech ETF by 3.2% in the fourth quarter. MGO One Seven LLC now owns 7,705 shares of the company’s stock valued at $653,000 after purchasing an additional 238 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in iShares Global Tech ETF by 76.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,745 shares of the company’s stock valued at $591,000 after purchasing an additional 3,355 shares during the last quarter. Finally, Keystone Financial Group purchased a new position in iShares Global Tech ETF in the fourth quarter valued at approximately $2,105,000.

iShares Global Tech ETF Stock Down 1.9%

Shares of iShares Global Tech ETF stock opened at $94.04 on Friday. The firm has a market capitalization of $5.60 billion, a P/E ratio of 34.73 and a beta of 1.15. iShares Global Tech ETF has a 52 week low of $63.58 and a 52 week high of $97.98. The firm’s 50 day moving average is $90.59 and its two-hundred day moving average is $83.64.

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.