Clarus Wealth Advisors Trims Stock Holdings in iShares Global Tech ETF $IXN

Clarus Wealth Advisors lowered its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 18.0% during the second quarter, Holdings Channel reports. The fund owned 17,571 shares of the company’s stock after selling 3,869 shares during the quarter. Clarus Wealth Advisors’ holdings in iShares Global Tech ETF were worth $2,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. purchased a new position in iShares Global Tech ETF in the 2nd quarter valued at about $30,000. Investors Research Corp acquired a new stake in shares of iShares Global Tech ETF during the 2nd quarter worth about $38,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter worth about $28,000. Larson Financial Group LLC purchased a new stake in shares of iShares Global Tech ETF during the third quarter worth about $28,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of iShares Global Tech ETF in the fourth quarter valued at approximately $28,000.

iShares Global Tech ETF Stock Performance

Shares of IXN opened at $139.36 on Wednesday. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 34.73 and a beta of 1.37. The company’s 50 day simple moving average is $137.99 and its 200 day simple moving average is $125.97. iShares Global Tech ETF has a 1 year low of $93.27 and a 1 year high of $149.83.

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.