Marin Bay Wealth Advisors LLC Makes New $370,000 Investment in iShares Global Tech ETF $IXN

Marin Bay Wealth Advisors LLC purchased a new position in iShares Global Tech ETF (NYSEARCA:IXN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,698 shares of the company’s stock, valued at approximately $370,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of iShares Global Tech ETF by 16.7% in the fourth quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock valued at $372,000 after buying an additional 627 shares during the period. Marshall Wace LLP bought a new position in iShares Global Tech ETF during the second quarter valued at about $791,000. Gamco Investors INC. ET AL bought a new position in iShares Global Tech ETF during the second quarter valued at about $554,000. NewEdge Advisors LLC increased its stake in iShares Global Tech ETF by 0.6% during the second quarter. NewEdge Advisors LLC now owns 50,193 shares of the company’s stock valued at $4,635,000 after acquiring an additional 306 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in iShares Global Tech ETF by 14,762.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock valued at $30,138,000 after acquiring an additional 324,186 shares in the last quarter.

iShares Global Tech ETF Trading Up 3.1%

Shares of IXN stock opened at $137.09 on Wednesday. The stock has a 50 day moving average of $138.88 and a two-hundred day moving average of $119.40. iShares Global Tech ETF has a 12 month low of $93.27 and a 12 month high of $149.83. The company has a market capitalization of $8.97 billion, a P/E 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.