SOL Capital Management CO Decreases Stock Position in iShares Global Tech ETF $IXN

SOL Capital Management CO trimmed its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,000 shares of the company’s stock after selling 9,420 shares during the quarter. SOL Capital Management CO owned approximately 0.13% of iShares Global Tech ETF worth $8,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IXN. Brighton Jones LLC increased its position in shares of iShares Global Tech ETF by 16.7% during the fourth quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock worth $372,000 after purchasing an additional 627 shares in the last quarter. Sovran Advisors LLC acquired a new stake in shares of iShares Global Tech ETF in the second quarter valued at approximately $241,000. Focus Financial Network Inc. purchased a new position in shares of iShares Global Tech ETF during the second quarter worth approximately $253,000. Wealth Enhancement Advisory Services LLC raised its position in iShares Global Tech ETF by 2.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 65,961 shares of the company’s stock valued at $6,156,000 after purchasing an additional 1,382 shares during the last quarter. Finally, CX Institutional raised its position in iShares Global Tech ETF by 1,146.0% in the 2nd quarter. CX Institutional now owns 1,408 shares of the company’s stock valued at $130,000 after purchasing an additional 1,295 shares during the last quarter.

iShares Global Tech ETF Price Performance

Shares of NYSEARCA:IXN opened at $107.34 on Friday. The stock has a market cap of $6.77 billion, a P/E ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 1-year low of $63.58 and a 1-year high of $112.78. The firm has a fifty day moving average price of $105.30 and a 200 day moving average price of $101.56.

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.