13,700 iShares Global Tech ETF $IXN Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lessened its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,058 shares of the company’s stock after selling 13,700 shares during the period. Parallel Advisors LLC’s holdings in iShares Global Tech ETF were worth $40,176,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IXN. C M Bidwell & Associates Ltd. acquired a new stake in shares of iShares Global Tech ETF in the second quarter valued at approximately $30,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of iShares Global Tech ETF in the third quarter valued at approximately $33,000. Go Invest LLC bought a new stake in shares of iShares Global Tech ETF in the third quarter valued at approximately $38,000. Investors Research Corp bought a new stake in shares of iShares Global Tech ETF in the second quarter valued at approximately $38,000. Finally, First Bancorp Inc ME acquired a new stake in iShares Global Tech ETF during the second quarter worth approximately $52,000.

iShares Global Tech ETF Price Performance

iShares Global Tech ETF stock traded up $2.46 during mid-day trading on Friday, reaching $123.58. 338,061 shares of the company were exchanged, compared to its average volume of 393,574. The company has a fifty day simple moving average of $142.27 and a 200-day simple moving average of $128.34. iShares Global Tech ETF has a 12 month low of $95.11 and a 12 month high of $154.04. The firm has a market cap of $8.16 billion, a PE ratio of 23.15 and a beta of 1.40.

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.