Wealthfront Advisers LLC Reduces Position in iShares Global Tech ETF $IXN

Wealthfront Advisers LLC reduced its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 60,299 shares of the company’s stock after selling 1,856 shares during the period. Wealthfront Advisers LLC’s holdings in iShares Global Tech ETF were worth $5,568,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its holdings in iShares Global Tech ETF by 160.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of iShares Global Tech ETF during the 2nd quarter worth about $30,000. Harbor Asset Planning Inc. purchased a new stake in iShares Global Tech ETF during the second quarter worth approximately $40,000. Richards Merrill & Peterson Inc. acquired a new position in iShares Global Tech ETF in the first quarter valued at approximately $34,000. Finally, Flaharty Asset Management LLC acquired a new position in iShares Global Tech ETF in the first quarter valued at approximately $47,000.

iShares Global Tech ETF Trading Up 1.4%

IXN stock opened at $111.20 on Wednesday. The stock has a market cap of $6.75 billion, a P/E ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a twelve month low of $63.58 and a twelve month high of $111.64. The company’s 50 day moving average is $101.25 and its two-hundred day moving average is $92.18.

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.