Shum Financial Group Inc. Acquires Shares of 19,146 iShares Global Tech ETF (NYSEARCA:IXN)

Shum Financial Group Inc. bought a new stake in iShares Global Tech ETF (NYSEARCA:IXN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,146 shares of the company’s stock, valued at approximately $1,569,000. iShares Global Tech ETF accounts for approximately 1.3% of Shum Financial Group Inc.’s portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of iShares Global Tech ETF during the 2nd quarter worth approximately $26,000. ORG Partners LLC purchased a new position in iShares Global Tech ETF in the second quarter valued at approximately $60,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Global Tech ETF in the 3rd quarter valued at $61,000. Family Firm Inc. purchased a new position in iShares Global Tech ETF in the second quarter valued at about $95,000. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of iShares Global Tech ETF by 14.0% during the second quarter. Concourse Financial Group Securities Inc. now owns 1,692 shares of the company’s stock worth $140,000 after purchasing an additional 208 shares in the last quarter.

iShares Global Tech ETF Stock Performance

Shares of IXN stock traded up $0.40 during trading hours on Tuesday, reaching $84.00. The company had a trading volume of 37,287 shares, compared to its average volume of 259,483. The company has a market capitalization of $5.01 billion, a P/E ratio of 34.17 and a beta of 1.37. iShares Global Tech ETF has a twelve month low of $64.31 and a twelve month high of $88.10. The stock’s fifty day simple moving average is $82.68 and its 200 day simple moving average is $81.08.

iShares Global Tech ETF Company 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.