Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in iShares Global Tech ETF $IXN

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in iShares Global Tech ETF (NYSEARCA:IXN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,589 shares of the company’s stock, valued at approximately $663,000.

Several other hedge funds have also recently made changes to their positions in IXN. Larson Financial Group LLC acquired a new stake in iShares Global Tech ETF during the third quarter worth about $28,000. Tucker Asset Management LLC purchased a new position in iShares Global Tech ETF in the 4th quarter valued at about $28,000. Mcguire Capital Advisors Inc. acquired a new stake in iShares Global Tech ETF during the 4th quarter worth $28,000. Bayban acquired a new position in shares of iShares Global Tech ETF during the 1st quarter worth approximately $28,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of iShares Global Tech ETF in the second quarter valued at about $30,000.

iShares Global Tech ETF Stock Performance

IXN stock opened at $142.92 on Friday. The firm has a market cap of $8.96 billion, a PE ratio of 34.73 and a beta of 1.37. The firm’s 50 day moving average price is $138.12 and its 200-day moving average price is $126.58. iShares Global Tech ETF has a one year low of $94.73 and a one year high of $149.83.

iShares Global Tech ETF 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.