iShares Global Tech ETF (NYSEARCA:IXN) Stock Position Raised by Cynosure Group LLC

Cynosure Group LLC lifted its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 100.0% during the third quarter, Holdings Channel reports. The firm owned 19,222 shares of the company’s stock after purchasing an additional 9,611 shares during the quarter. Cynosure Group LLC’s holdings in iShares Global Tech ETF were worth $1,586,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Townsquare Capital LLC increased its stake in iShares Global Tech ETF by 16.1% in the 3rd quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after purchasing an additional 444 shares in the last quarter. Shum Financial Group Inc. purchased a new position in shares of iShares Global Tech ETF in the third quarter worth approximately $1,569,000. One Charles Private Wealth Services LLC acquired a new stake in shares of iShares Global Tech ETF during the third quarter valued at approximately $538,000. Great Valley Advisor Group Inc. lifted its position in shares of iShares Global Tech ETF by 11.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,245 shares of the company’s stock valued at $598,000 after acquiring an additional 738 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of iShares Global Tech ETF in the 3rd quarter valued at approximately $1,321,000.

iShares Global Tech ETF Stock Up 0.3 %

Shares of NYSEARCA:IXN opened at $83.86 on Wednesday. The company’s fifty day moving average is $82.76 and its two-hundred day moving average is $81.15. The company has a market cap of $5.00 billion, a P/E ratio of 34.17 and a beta of 1.37. iShares Global Tech ETF has a 12-month low of $64.31 and a 12-month high of $88.10.

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.