Envestnet Asset Management Inc. Decreases Position in iShares Global Tech ETF (NYSEARCA:IXN)

Envestnet Asset Management Inc. lowered its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 27.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,997,850 shares of the company’s stock after selling 753,710 shares during the period. Envestnet Asset Management Inc. owned 13.45% of iShares Global Tech ETF worth $358,674,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IXN. Comerica Securities Inc. increased its stake in shares of iShares Global Tech ETF by 22.2% during the 4th quarter. Comerica Securities Inc. now owns 15,365 shares of the company’s stock worth $2,213,000 after purchasing an additional 2,791 shares during the last quarter. FMR LLC increased its stake in shares of iShares Global Tech ETF by 10.4% during the 4th quarter. FMR LLC now owns 2,339 shares of the company’s stock worth $337,000 after purchasing an additional 220 shares during the last quarter. Deutsche Bank AG increased its stake in shares of iShares Global Tech ETF by 111.9% during the 4th quarter. Deutsche Bank AG now owns 8,188 shares of the company’s stock worth $1,177,000 after purchasing an additional 4,324 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of iShares Global Tech ETF by 3.7% during the 1st quarter. Carroll Financial Associates Inc. now owns 3,232 shares of the company’s stock worth $552,000 after purchasing an additional 115 shares during the last quarter. Finally, Daiwa SB Investments Ltd. increased its stake in shares of iShares Global Tech ETF by 296.4% during the 1st quarter. Daiwa SB Investments Ltd. now owns 1,110 shares of the company’s stock worth $190,000 after purchasing an additional 830 shares during the last quarter.

Shares of IXN stock traded down $0.37 during trading hours on Thursday, hitting $174.09. 21,448 shares of the company were exchanged, compared to its average volume of 93,466. The company’s fifty day moving average price is $182.25. iShares Global Tech ETF has a 52-week low of $134.75 and a 52-week high of $188.59.

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Institutional Ownership by Quarter for iShares Global Tech ETF (NYSEARCA:IXN)

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