Sigma Planning Corp Trims Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Sigma Planning Corp lowered its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 49.4% in the 4th quarter, HoldingsChannel reports. The firm owned 5,410 shares of the company’s stock after selling 5,282 shares during the quarter. Sigma Planning Corp’s holdings in iShares Global Tech ETF were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cardinal Strategic Wealth Guidance lifted its stake in iShares Global Tech ETF by 40.3% during the fourth quarter. Cardinal Strategic Wealth Guidance now owns 71,725 shares of the company’s stock worth $4,890,000 after purchasing an additional 20,599 shares during the last quarter. Romano Brothers AND Company bought a new stake in iShares Global Tech ETF during the fourth quarter worth about $223,000. ORG Partners LLC bought a new stake in iShares Global Tech ETF during the fourth quarter worth about $49,000. Harbor Investment Advisory LLC bought a new stake in iShares Global Tech ETF during the fourth quarter worth about $131,000. Finally, Charter Oak Capital Management LLC lifted its stake in iShares Global Tech ETF by 0.9% during the fourth quarter. Charter Oak Capital Management LLC now owns 36,054 shares of the company’s stock worth $2,458,000 after purchasing an additional 309 shares during the last quarter.

iShares Global Tech ETF Trading Up 1.5 %

NYSEARCA IXN opened at $71.80 on Friday. iShares Global Tech ETF has a 1-year low of $52.75 and a 1-year high of $76.25. The stock has a 50-day moving average of $73.42 and a 200-day moving average of $68.48. The firm has a market cap of $4.30 billion, a PE ratio of 32.76 and a beta of 1.34.

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.