Cardinal Strategic Wealth Guidance Decreases Stock Holdings in iShares Global Tech ETF $IXN

Cardinal Strategic Wealth Guidance lessened its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 12.4% during the first quarter, HoldingsChannel.com reports. The fund owned 65,350 shares of the company’s stock after selling 9,277 shares during the quarter. iShares Global Tech ETF makes up about 1.7% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 14th biggest holding. Cardinal Strategic Wealth Guidance’s holdings in iShares Global Tech ETF were worth $6,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Global Tech ETF in the fourth quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in iShares Global Tech ETF during the 4th quarter worth approximately $28,000. Larson Financial Group LLC acquired a new position in iShares Global Tech ETF during the 3rd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. purchased a new position in iShares Global Tech ETF in the 4th quarter worth approximately $28,000. Finally, EFG International AG purchased a new position in iShares Global Tech ETF in the 4th quarter worth approximately $32,000.

iShares Global Tech ETF Stock Down 0.3%

Shares of NYSEARCA:IXN opened at $138.89 on Thursday. iShares Global Tech ETF has a 52-week low of $90.21 and a 52-week high of $149.83. The company has a 50 day moving average of $132.60 and a two-hundred day moving average of $115.04. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36.

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.