HighTower Advisors LLC Grows Stock Holdings in iShares Global Tech ETF $IXN

HighTower Advisors LLC boosted its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 229.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,535 shares of the company’s stock after purchasing an additional 156,283 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Global Tech ETF were worth $23,576,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Asempa Wealth Advisors purchased a new stake in iShares Global Tech ETF during the fourth quarter valued at $852,000. Wedbush Securities Inc. raised its stake in iShares Global Tech ETF by 173.4% during the third quarter. Wedbush Securities Inc. now owns 8,393 shares of the company’s stock valued at $866,000 after purchasing an additional 5,323 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares Global Tech ETF by 700.6% during the fourth quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock valued at $1,701,000 after purchasing an additional 14,180 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in iShares Global Tech ETF by 10.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 99,153 shares of the company’s stock valued at $10,411,000 after purchasing an additional 9,677 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in iShares Global Tech ETF by 541.5% during the fourth quarter. Blue Trust Inc. now owns 32,037 shares of the company’s stock valued at $3,364,000 after purchasing an additional 27,043 shares in the last quarter.

iShares Global Tech ETF Trading Up 0.6%

Shares of IXN opened at $135.33 on Friday. iShares Global Tech ETF has a twelve month low of $82.11 and a twelve month high of $136.43. The company has a market cap of $8.80 billion, a P/E ratio of 34.73 and a beta of 1.32. The company’s fifty day simple moving average is $114.81 and its 200-day simple moving average is $109.07.

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.