89,240 Shares in iShares Global Tech ETF $IXN Purchased by Cambria Investment Management L.P.

Cambria Investment Management L.P. acquired a new position in shares of iShares Global Tech ETF (NYSEARCA:IXN) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 89,240 shares of the company’s stock, valued at approximately $9,210,000.

Several other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Global Tech ETF during the 2nd quarter worth approximately $632,000. Montecito Bank & Trust acquired a new stake in shares of iShares Global Tech ETF during the 3rd quarter worth approximately $859,000. Northwestern Mutual Wealth Management Co. increased its stake in iShares Global Tech ETF by 14.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 56,059 shares of the company’s stock valued at $5,176,000 after acquiring an additional 7,233 shares during the last quarter. Montis Financial LLC bought a new position in iShares Global Tech ETF in the third quarter valued at approximately $2,023,000. Finally, J.W. Cole Advisors Inc. raised its position in iShares Global Tech ETF by 14.2% during the second quarter. J.W. Cole Advisors Inc. now owns 8,568 shares of the company’s stock valued at $791,000 after purchasing an additional 1,067 shares in the last quarter.

iShares Global Tech ETF Price Performance

Shares of IXN opened at $103.96 on Thursday. The firm has a 50 day simple moving average of $106.46 and a two-hundred day simple moving average of $104.94. iShares Global Tech ETF has a one year low of $63.58 and a one year high of $112.78. The company has a market cap of $6.34 billion, a P/E ratio of 34.73 and a beta of 1.24.

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.