iShares Global Tech ETF $IXN Stock: Phoenix Financial Ltd. Decreases Position

Phoenix Financial Ltd. trimmed its position in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 42.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,298,100 shares of the company’s stock after selling 1,707,000 shares during the period. iShares Global Tech ETF makes up 2.3% of Phoenix Financial Ltd.’s portfolio, making the stock its 11th biggest position. Phoenix Financial Ltd. owned 3.48% of iShares Global Tech ETF worth $340,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vista Capital Partners Inc. acquired a new position in iShares Global Tech ETF in the 3rd quarter worth $569,000. Valmark Advisers Inc. acquired a new stake in shares of iShares Global Tech ETF during the third quarter valued at about $491,000. Money Concepts Capital Corp acquired a new stake in shares of iShares Global Tech ETF during the third quarter valued at about $4,241,000. Allworth Financial LP increased its position in shares of iShares Global Tech ETF by 11.6% during the third quarter. Allworth Financial LP now owns 1,468 shares of the company’s stock worth $212,000 after acquiring an additional 153 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in shares of iShares Global Tech ETF during the third quarter worth about $380,044,000.

iShares Global Tech ETF Stock Performance

Shares of NYSEARCA:IXN traded down $2.17 during trading on Friday, hitting $128.11. The company’s stock had a trading volume of 158,231 shares, compared to its average volume of 392,308. iShares Global Tech ETF has a fifty-two week low of $95.11 and a fifty-two week high of $154.04. The stock’s 50-day moving average price is $141.13 and its two-hundred day moving average price is $128.88. The company has a market capitalization of $8.08 billion, a PE ratio of 23.15 and a beta of 1.40.

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.