Marks Group Wealth Management Inc Has $1.62 Million Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

by · The Cerbat Gem

Marks Group Wealth Management Inc reduced its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN – Free Report) by 36.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,004 shares of the company’s stock after selling 16,212 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Global Tech ETF were worth $1,620,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Prelude Capital Management LLC bought a new position in shares of iShares Global Tech ETF in the first quarter worth about $224,000. Keystone Financial Group acquired a new position in shares of iShares Global Tech ETF in the 2nd quarter worth approximately $1,931,000. Spire Wealth Management boosted its holdings in shares of iShares Global Tech ETF by 1.7% in the 2nd quarter. Spire Wealth Management now owns 12,444 shares of the company’s stock worth $774,000 after acquiring an additional 211 shares in the last quarter. Long Run Wealth Advisors LLC boosted its holdings in shares of iShares Global Tech ETF by 391.7% in the 2nd quarter. Long Run Wealth Advisors LLC now owns 39,333 shares of the company’s stock worth $2,446,000 after acquiring an additional 31,333 shares in the last quarter. Finally, CFS Investment Advisory Services LLC acquired a new position in iShares Global Tech ETF during the 2nd quarter worth $716,000.

iShares Global Tech ETF Stock Performance

NYSEARCA:IXN opened at $67.82 on Friday. The stock’s fifty day moving average price is $65.90 and its two-hundred day moving average price is $62.24. iShares Global Tech ETF has a 52-week low of $46.63 and a 52-week high of $68.62. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 22.95 and a beta of 1.15.

iShares Global Tech ETF Profile

(Free Report)

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.

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