Sheets Smith Wealth Management Sells 638 Shares of iShares Global Tech ETF (NYSEARCA:IXN)

Sheets Smith Wealth Management decreased its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 21,094 shares of the company’s stock after selling 638 shares during the quarter. Sheets Smith Wealth Management’s holdings in iShares Global Tech ETF were worth $1,438,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in iShares Global Tech ETF by 5,858.3% in the 4th quarter. International Assets Investment Management LLC now owns 552,279 shares of the company’s stock valued at $37,654,000 after purchasing an additional 543,010 shares during the period. Gimbal Financial acquired a new stake in iShares Global Tech ETF in the 4th quarter valued at $13,213,000. Aveo Capital Partners LLC acquired a new stake in iShares Global Tech ETF in the 4th quarter valued at $3,861,000. Palladiem LLC acquired a new stake in iShares Global Tech ETF in the 3rd quarter valued at $2,260,000. Finally, Arlington Trust Co LLC acquired a new stake in iShares Global Tech ETF in the 4th quarter valued at $2,120,000.

iShares Global Tech ETF Trading Up 2.8 %

NYSEARCA IXN traded up $2.00 during mid-day trading on Friday, hitting $72.86. The company’s stock had a trading volume of 194,649 shares, compared to its average volume of 330,755. The company’s 50 day simple moving average is $73.34 and its 200 day simple moving average is $69.01. iShares Global Tech ETF has a twelve month low of $53.01 and a twelve month high of $76.25. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 32.76 and a beta of 1.34.

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.