Forte Asset Management LLC Sells 318 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Forte Asset Management LLC cut its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 17,138 shares of the company’s stock after selling 318 shares during the period. Forte Asset Management LLC’s holdings in iShares Global Tech ETF were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Etfidea LLC increased its stake in iShares Global Tech ETF by 68.2% in the third quarter. Etfidea LLC now owns 9,764 shares of the company’s stock valued at $565,000 after acquiring an additional 3,959 shares during the last quarter. Ignite Planners LLC increased its stake in iShares Global Tech ETF by 30.0% in the fourth quarter. Ignite Planners LLC now owns 4,882 shares of the company’s stock valued at $324,000 after purchasing an additional 1,126 shares in the last quarter. Brookstone Capital Management increased its position in shares of iShares Global Tech ETF by 21.6% during the fourth quarter. Brookstone Capital Management now owns 4,336 shares of the company’s stock worth $296,000 after acquiring an additional 769 shares in the last quarter. Planned Solutions Inc. bought a new stake in shares of iShares Global Tech ETF during the fourth quarter worth about $27,000. Finally, Sound Income Strategies LLC purchased a new position in iShares Global Tech ETF during the fourth quarter worth about $45,000.

iShares Global Tech ETF Stock Down 1.3 %

iShares Global Tech ETF stock traded down $0.90 during midday trading on Friday, hitting $69.69. 65,181 shares of the stock were exchanged, compared to its average volume of 342,964. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 34.43 and a beta of 1.32. iShares Global Tech ETF has a 52-week low of $51.78 and a 52-week high of $76.25. The business’s 50-day moving average price is $73.68 and its 200-day moving average price is $67.98.

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.