Marks Group Wealth Management Inc Cuts Position in iShares Global Tech ETF $IXN

Marks Group Wealth Management Inc cut its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 38.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,645 shares of the company’s stock after selling 22,746 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Global Tech ETF were worth $3,384,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. boosted its position in shares of iShares Global Tech ETF by 160.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of iShares Global Tech ETF in the 2nd quarter worth $30,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares Global Tech ETF in the 1st quarter worth $34,000. Tradewinds Capital Management LLC acquired a new stake in shares of iShares Global Tech ETF in the 1st quarter worth $36,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of iShares Global Tech ETF in the 1st quarter worth $47,000.

iShares Global Tech ETF Price Performance

iShares Global Tech ETF stock opened at $104.82 on Monday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 34.73 and a beta of 1.15. iShares Global Tech ETF has a 1-year low of $63.58 and a 1-year high of $105.65. The business has a fifty day moving average price of $98.08 and a 200-day moving average price of $88.39.

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.