Sterling Group Wealth Management LLC Buys 5,055 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Sterling Group Wealth Management LLC increased its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,384 shares of the company’s stock after acquiring an additional 5,055 shares during the period. iShares Global Tech ETF makes up 6.0% of Sterling Group Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Sterling Group Wealth Management LLC owned about 0.19% of iShares Global Tech ETF worth $7,731,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in iShares Global Tech ETF by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 2,762,921 shares of the company’s stock valued at $171,826,000 after buying an additional 123,871 shares in the last quarter. Jane Street Group LLC raised its holdings in iShares Global Tech ETF by 124.0% in the fourth quarter. Jane Street Group LLC now owns 1,929,136 shares of the company’s stock valued at $86,483,000 after acquiring an additional 1,067,763 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares Global Tech ETF by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,207,880 shares of the company’s stock valued at $70,069,000 after acquiring an additional 14,017 shares in the last quarter. Morgan Stanley raised its holdings in iShares Global Tech ETF by 2.8% in the third quarter. Morgan Stanley now owns 1,194,180 shares of the company’s stock valued at $69,071,000 after acquiring an additional 32,760 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares Global Tech ETF by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 719,028 shares of the company’s stock valued at $39,105,000 after acquiring an additional 12,881 shares in the last quarter.

iShares Global Tech ETF Price Performance

IXN traded up $0.19 during trading on Thursday, hitting $75.43. The company had a trading volume of 151,425 shares, compared to its average volume of 348,920. The company has a market cap of $4.51 billion, a PE ratio of 22.95 and a beta of 1.15. The business has a 50-day moving average of $72.14 and a 200-day moving average of $65.91. iShares Global Tech ETF has a 1-year low of $51.59 and a 1-year high of $76.25.

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.