Marks Group Wealth Management Inc Grows Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Marks Group Wealth Management Inc lifted its position in iShares Global Tech ETF (NYSEARCA:IXN) by 89.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,917 shares of the company’s stock after purchasing an additional 24,913 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Global Tech ETF were worth $3,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. purchased a new stake in iShares Global Tech ETF in the fourth quarter valued at $27,000. Capital Investment Counsel Inc acquired a new stake in iShares Global Tech ETF during the third quarter worth about $33,000. Simplex Trading LLC grew its holdings in iShares Global Tech ETF by 11,000.0% during the third quarter. Simplex Trading LLC now owns 666 shares of the company’s stock worth $38,000 after acquiring an additional 660 shares during the period. Advisors Preferred LLC purchased a new position in iShares Global Tech ETF during the third quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC lifted its holdings in iShares Global Tech ETF by 33.0% in the third quarter. Venturi Wealth Management LLC now owns 782 shares of the company’s stock valued at $45,000 after acquiring an additional 194 shares during the period.

iShares Global Tech ETF Trading Up 1.6 %

iShares Global Tech ETF stock opened at $70.51 on Wednesday. The firm has a market cap of $4.27 billion, a PE ratio of 34.43 and a beta of 1.32. iShares Global Tech ETF has a 12 month low of $51.78 and a 12 month high of $76.25. The stock’s 50 day simple moving average is $73.49 and its two-hundred day simple moving average is $68.36.

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.