Cypress Wealth Services LLC Sells 1,958 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Cypress Wealth Services LLC reduced its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,672 shares of the company’s stock after selling 1,958 shares during the period. Cypress Wealth Services LLC’s holdings in iShares Global Tech ETF were worth $873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marks Group Wealth Management Inc grew its stake in shares of iShares Global Tech ETF by 89.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 52,917 shares of the company’s stock worth $3,608,000 after buying an additional 24,913 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Global Tech ETF during the 4th quarter worth about $212,000. Financial Advocates Investment Management purchased a new position in shares of iShares Global Tech ETF during the 4th quarter worth about $3,359,000. Gladstone Institutional Advisory LLC boosted its stake in shares of iShares Global Tech ETF by 5.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 32,781 shares of the company’s stock worth $2,235,000 after purchasing an additional 1,631 shares during the period. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of iShares Global Tech ETF during the 4th quarter worth about $173,000.

iShares Global Tech ETF Trading Up 0.7 %

Shares of IXN stock traded up $0.59 during trading hours on Friday, reaching $83.55. 126,588 shares of the stock were exchanged, compared to its average volume of 283,831. iShares Global Tech ETF has a 12-month low of $56.30 and a 12-month high of $85.46. The company’s 50-day moving average price is $76.75 and its 200-day moving average price is $73.26. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37.

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.