Pictet Asset Management Holding SA Buys 304,160 Shares of iShares Global Tech ETF $IXN

Pictet Asset Management Holding SA lifted its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 76.4% during the 4th quarter, HoldingsChannel reports. The fund owned 702,260 shares of the company’s stock after acquiring an additional 304,160 shares during the quarter. Pictet Asset Management Holding SA’s holdings in iShares Global Tech ETF were worth $74,454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IXN. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Global Tech ETF in the fourth quarter valued at about $25,000. Larson Financial Group LLC acquired a new position in shares of iShares Global Tech ETF in the third quarter valued at about $28,000. West Branch Capital LLC acquired a new position in shares of iShares Global Tech ETF in the third quarter valued at about $36,000. Manning & Napier Advisors LLC acquired a new position in shares of iShares Global Tech ETF in the third quarter valued at about $39,000. Finally, Triumph Capital Management acquired a new position in shares of iShares Global Tech ETF in the third quarter valued at about $54,000.

iShares Global Tech ETF Stock Performance

IXN stock opened at $118.83 on Wednesday. The company’s 50-day simple moving average is $107.23 and its 200 day simple moving average is $106.47. iShares Global Tech ETF has a 52 week low of $74.93 and a 52 week high of $121.06. The company has a market capitalization of $7.71 billion, a PE ratio of 34.73 and a beta of 1.26.

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.