Patten & Patten Inc. TN Increases Position in iShares Global Tech ETF (NYSEARCA:IXN)

Patten & Patten Inc. TN boosted its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 469,909 shares of the company’s stock after acquiring an additional 4,405 shares during the quarter. iShares Global Tech ETF accounts for approximately 2.6% of Patten & Patten Inc. TN’s investment portfolio, making the stock its 5th biggest holding. Patten & Patten Inc. TN owned 0.79% of iShares Global Tech ETF worth $39,825,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IXN. Harbour Investments Inc. lifted its position in shares of iShares Global Tech ETF by 9.2% during the 3rd quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock worth $232,000 after buying an additional 238 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of iShares Global Tech ETF during the 3rd quarter worth approximately $215,000. Balboa Wealth Partners bought a new stake in shares of iShares Global Tech ETF in the 3rd quarter worth approximately $206,000. Thrivent Financial for Lutherans lifted its stake in iShares Global Tech ETF by 4.1% in the third quarter. Thrivent Financial for Lutherans now owns 162,232 shares of the company’s stock valued at $13,389,000 after purchasing an additional 6,423 shares during the last quarter. Finally, EQ LLC lifted its stake in iShares Global Tech ETF by 8.9% in the third quarter. EQ LLC now owns 35,029 shares of the company’s stock valued at $2,891,000 after purchasing an additional 2,868 shares during the last quarter.

iShares Global Tech ETF Trading Up 2.9 %

iShares Global Tech ETF stock opened at $78.42 on Friday. iShares Global Tech ETF has a 12 month low of $68.53 and a 12 month high of $88.62. The business’s 50 day simple moving average is $83.93 and its 200 day simple moving average is $83.37. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 32.89 and a beta of 1.15.

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.