Shum Financial Group Inc. Acquires Shares of 19,100 iShares Global Tech ETF $IXN

Shum Financial Group Inc. bought a new stake in iShares Global Tech ETF (NYSEARCA:IXN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,100 shares of the company’s stock, valued at approximately $1,971,000. iShares Global Tech ETF makes up approximately 1.5% of Shum Financial Group Inc.’s investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raleigh Capital Management Inc. boosted its stake in iShares Global Tech ETF by 160.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 281 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. SOA Wealth Advisors LLC. bought a new stake in iShares Global Tech ETF in the second quarter valued at about $30,000. Harbor Asset Planning Inc. bought a new position in iShares Global Tech ETF during the second quarter worth $40,000. Flaharty Asset Management LLC bought a new stake in iShares Global Tech ETF during the 1st quarter valued at $47,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of iShares Global Tech ETF in the 1st quarter worth approximately $80,000.

iShares Global Tech ETF Price Performance

NYSEARCA IXN opened at $105.90 on Wednesday. The company’s 50 day simple moving average is $105.78 and its 200 day simple moving average is $100.13. The firm has a market capitalization of $6.48 billion, a PE ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 12 month low of $63.58 and a 12 month high of $112.78.

iShares Global Tech ETF Company 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.