Cerity Partners LLC Raises Position in iShares Global Tech ETF (NYSEARCA:IXN)

Cerity Partners LLC grew its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 30.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,978 shares of the company’s stock after purchasing an additional 1,380 shares during the quarter. Cerity Partners LLC’s holdings in iShares Global Tech ETF were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IXN. Synergy Investment Management LLC purchased a new stake in iShares Global Tech ETF during the 4th quarter valued at $25,000. Hager Investment Management Services LLC bought a new stake in shares of iShares Global Tech ETF in the fourth quarter worth about $33,000. Halbert Hargrove Global Advisors LLC purchased a new position in iShares Global Tech ETF during the 4th quarter valued at about $44,000. Flagship Wealth Advisors LLC purchased a new position in iShares Global Tech ETF during the 4th quarter valued at about $45,000. Finally, VSM Wealth Advisory LLC bought a new position in iShares Global Tech ETF during the 4th quarter valued at approximately $50,000.

iShares Global Tech ETF Stock Performance

IXN opened at $69.37 on Tuesday. The stock has a market capitalization of $4.00 billion, a PE ratio of 29.15 and a beta of 1.21. The stock’s 50 day moving average price is $77.80 and its 200-day moving average price is $82.14. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $88.62.

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.