HighTower Advisors LLC Sells 5,007 Shares of iShares Global Tech ETF (NYSEARCA: IXN)

HighTower Advisors LLC has reduced its investment in the iShares Global Tech ETF (NYSEARCA: IXN – Free Report) by 7.0% during the third quarter, according to reports from HoldingsChannel.com. After selling 5,007 shares in the recent quarter, the institutional investor now holds 66,416 shares of this ETF. At the close of the latest reporting period, the value of HighTower Advisors LLC's holdings in the iShares Global Tech ETF reached $5,478,000.

In addition to HighTower Advisors LLC, other institutional investors and hedge funds have also been actively adjusting their positions in this ETF. For instance, NorthCrest Asset Management LLC established a new stake in the iShares Global Tech ETF during the second quarter valued at approximately $414,000. Similarly, Wealth Enhancement Advisory Services LLC increased its position by 7.8% during the second quarter, now owning 55,022 shares valued at $4,557,000 after acquiring an additional 3,989 shares in that period. ORG Partners LLC also entered the scene by acquiring a new stake worth roughly $60,000 in the second quarter.

Moreover, SteelPeak Wealth LLC raised its holdings in the iShares Global Tech ETF by 5.5% in the same quarter and currently owns 3,050 shares valued at $253,000 following the purchase of an additional 160 shares. Finally, 4J Wealth Management LLC raised its stake by 1.6%, bringing its total to 26,225 shares worth $2,172,000 after acquiring 425 more shares.

Recent Trading Performance of iShares Global Tech ETF

On Wednesday, shares of the iShares Global Tech ETF opened at $85.41. Over the past year, it has seen a low of $64.93 and a high of $88.10. The ETF has a 50-day moving average of $83.32 and a 200-day moving average of $81.71, contributing to a market capitalization of $5.09 billion. Additionally, it boasts a PE ratio of 34.17 and a beta of 1.37, indicating its volatility relative to the market.

Understanding the iShares Global Tech ETF

iShares Global Tech ETF, previously known as the iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund that aims to mirror the price and yield performance of the S&P Global 1200 Information Technology Sector Index. This index tracks companies that are categorized within the information technology sector as defined by Standard & Poor's Financial Services LLC, part of The McGraw-Hill Companies.

Investor Insights and Trends

• Explore five stocks potentially outperforming the iShares Global Tech ETF.
• Understand the structure and significance of stock market sectors.
• Learn about the states with the highest investment gains in 2024.
• Dive into investing strategies focusing on high PE growth stocks.
• Discover Amazon's initiatives in the healthcare sector.
• Grasp the importance of ex-dividend dates for investors.
• Stay informed about recent drops in major semiconductor stocks like Synopsys.

The iShares Global Tech ETF continues to draw attention from various institutional investors, which reflects a strong interest in technology-focused investments. For those following this ETF's performance and related financial news, it's beneficial to monitor how institutional buying and selling trends influence its market standing.

HighTower, Investors, iShares