PFG Advisors Invests $784,000 in iShares Global Tech ETF $IXN

PFG Advisors purchased a new position in iShares Global Tech ETF (NYSEARCA:IXN) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,591 shares of the company’s stock, valued at approximately $784,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its stake in iShares Global Tech ETF by 7.2% in the third quarter. Pinnacle Associates Ltd. now owns 32,752 shares of the company’s stock valued at $3,380,000 after buying an additional 2,207 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of iShares Global Tech ETF by 12.6% during the third quarter. Rathbones Group PLC now owns 102,863 shares of the company’s stock valued at $10,616,000 after acquiring an additional 11,499 shares during the period. Parallel Advisors LLC grew its position in shares of iShares Global Tech ETF by 5.7% during the third quarter. Parallel Advisors LLC now owns 282,174 shares of the company’s stock worth $29,123,000 after acquiring an additional 15,180 shares during the last quarter. Integrity Advisory Solutions LLC bought a new position in shares of iShares Global Tech ETF during the third quarter worth about $721,000. Finally, KCM Investment Advisors LLC increased its holdings in shares of iShares Global Tech ETF by 5.9% in the 3rd quarter. KCM Investment Advisors LLC now owns 4,604 shares of the company’s stock worth $475,000 after acquiring an additional 256 shares during the period.

iShares Global Tech ETF Stock Up 0.6%

Shares of NYSEARCA:IXN opened at $106.23 on Thursday. The company has a market cap of $6.47 billion, a PE ratio of 34.73 and a beta of 1.24. The company’s 50-day moving average price is $106.70 and its 200 day moving average price is $104.67. iShares Global Tech ETF has a fifty-two week low of $63.58 and a fifty-two week high of $112.78.

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.