Kovack Advisors Inc. Trims Stake in iShares Global Tech ETF (NYSEARCA:IXN)

Kovack Advisors Inc. lowered its holdings in iShares Global Tech ETF (NYSEARCA:IXN) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,040 shares of the company’s stock after selling 610 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Global Tech ETF were worth $1,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of iShares Global Tech ETF by 11.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,879 shares of the company’s stock worth $127,000 after acquiring an additional 192 shares in the last quarter. Venturi Wealth Management LLC raised its stake in iShares Global Tech ETF by 33.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 782 shares of the company’s stock valued at $45,000 after acquiring an additional 194 shares during the last quarter. MCIA Inc raised its stake in iShares Global Tech ETF by 5.8% during the 3rd quarter. MCIA Inc now owns 3,719 shares of the company’s stock valued at $236,000 after acquiring an additional 204 shares during the last quarter. Money Concepts Capital Corp raised its stake in iShares Global Tech ETF by 1.2% during the 3rd quarter. Money Concepts Capital Corp now owns 18,712 shares of the company’s stock valued at $1,083,000 after acquiring an additional 231 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in iShares Global Tech ETF by 5.6% during the 4th quarter. Private Trust Co. NA now owns 5,400 shares of the company’s stock valued at $368,000 after acquiring an additional 286 shares during the last quarter.

iShares Global Tech ETF Stock Up 1.5 %

IXN traded up $1.05 on Friday, hitting $71.80. 116,228 shares of the company traded hands, compared to its average volume of 342,237. The company has a 50 day moving average of $73.42 and a 200-day moving average of $68.48. The stock has a market capitalization of $4.30 billion, a PE ratio of 32.76 and a beta of 1.34. iShares Global Tech ETF has a 12-month low of $52.75 and a 12-month high of $76.25.

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.