Royal Bank of Canada Cuts Holdings in iShares Global Tech ETF $IXN

Royal Bank of Canada decreased its stake in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887,977 shares of the company’s stock after selling 56,568 shares during the period. Royal Bank of Canada owned about 1.37% of iShares Global Tech ETF worth $88,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC bought a new stake in iShares Global Tech ETF during the first quarter valued at about $534,000. Patten & Patten Inc. TN increased its holdings in iShares Global Tech ETF by 2.9% in the 4th quarter. Patten & Patten Inc. TN now owns 545,249 shares of the company’s stock worth $57,251,000 after acquiring an additional 15,285 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares Global Tech ETF by 700.6% during the 4th quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock worth $1,701,000 after acquiring an additional 14,180 shares during the period. Thrivent Financial for Lutherans raised its stake in iShares Global Tech ETF by 3.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 195,520 shares of the company’s stock worth $20,549,000 after acquiring an additional 6,544 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in iShares Global Tech ETF by 10.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 99,153 shares of the company’s stock valued at $10,411,000 after purchasing an additional 9,677 shares in the last quarter.

iShares Global Tech ETF Price Performance

Shares of IXN opened at $132.68 on Friday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36. iShares Global Tech ETF has a 1 year low of $93.27 and a 1 year high of $149.83. The business’s 50 day simple moving average is $138.74 and its 200-day simple moving average is $120.74.

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.