Parallel Advisors LLC Has $29.12 Million Position in iShares Global Tech ETF $IXN

Parallel Advisors LLC boosted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,174 shares of the company’s stock after acquiring an additional 15,180 shares during the period. Parallel Advisors LLC owned 0.46% of iShares Global Tech ETF worth $29,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of iShares Global Tech ETF by 16.7% during the 4th 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. Moors & Cabot Inc. acquired a new position in iShares Global Tech ETF in the second quarter valued at about $226,000. Atlantic Union Bankshares Corp acquired a new position in iShares Global Tech ETF in the second quarter valued at about $2,558,000. Wedbush Securities Inc. bought a new stake in iShares Global Tech ETF during the second quarter worth about $283,000. Finally, KCM Investment Advisors LLC grew its stake in iShares Global Tech ETF by 56.0% during the second quarter. KCM Investment Advisors LLC now owns 4,348 shares of the company’s stock worth $401,000 after buying an additional 1,560 shares in the last quarter.

iShares Global Tech ETF Stock Down 1.9%

IXN stock opened at $103.39 on Friday. iShares Global Tech ETF has a 12 month low of $63.58 and a 12 month high of $112.78. The firm has a market cap of $6.30 billion, a P/E ratio of 34.73 and a beta of 1.24. The company’s 50-day moving average price is $106.69 and its two-hundred day moving average price is $104.44.

iShares Global Tech ETF Company 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.