Patten & Patten Inc. TN Raises Position in iShares Global Tech ETF (NYSEARCA:IXN)

Patten & Patten Inc. TN raised its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 469,909 shares of the company’s stock after purchasing an additional 4,405 shares during the quarter. iShares Global Tech ETF comprises about 2.6% of Patten & Patten Inc. TN’s investment portfolio, making the stock its 5th biggest holding. Patten & Patten Inc. TN’s holdings in iShares Global Tech ETF were worth $39,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IXN. Harbour Investments Inc. raised its holdings in iShares Global Tech ETF by 9.2% during the 3rd quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock valued at $232,000 after acquiring an additional 238 shares during the period. Prime Capital Investment Advisors LLC bought a new position in shares of iShares Global Tech ETF in the third quarter worth $215,000. Balboa Wealth Partners bought a new position in shares of iShares Global Tech ETF in the third quarter worth $206,000. Thrivent Financial for Lutherans increased its holdings in shares of iShares Global Tech ETF by 4.1% in the third quarter. Thrivent Financial for Lutherans now owns 162,232 shares of the company’s stock worth $13,389,000 after purchasing an additional 6,423 shares during the period. Finally, EQ LLC increased its holdings in shares of iShares Global Tech ETF by 8.9% in the third quarter. EQ LLC now owns 35,029 shares of the company’s stock worth $2,891,000 after purchasing an additional 2,868 shares during the period.

iShares Global Tech ETF Stock Performance

iShares Global Tech ETF stock opened at $78.42 on Friday. The stock has a market cap of $4.63 billion, a P/E ratio of 32.89 and a beta of 1.15. iShares Global Tech ETF has a fifty-two week low of $68.53 and a fifty-two week high of $88.62. The firm’s fifty day moving average price is $83.93 and its 200-day moving average price is $83.37.

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.