Truist Financial Corp Raises Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

Truist Financial Corp raised its stake in iShares Global Tech ETF (NYSEARCA:IXN) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,755 shares of the company’s stock after buying an additional 1,556 shares during the period. Truist Financial Corp owned approximately 0.06% of iShares Global Tech ETF worth $3,030,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of iShares Global Tech ETF in the third quarter valued at approximately $28,000. Hager Investment Management Services LLC acquired a new stake in iShares Global Tech ETF during the fourth quarter worth approximately $33,000. Realta Investment Advisors acquired a new stake in iShares Global Tech ETF during the fourth quarter worth approximately $52,000. Highline Wealth Partners LLC acquired a new stake in iShares Global Tech ETF during the third quarter worth approximately $61,000. Finally, Goodman Advisory Group LLC acquired a new stake in iShares Global Tech ETF during the third quarter worth approximately $70,000.

iShares Global Tech ETF Stock Down 1.1 %

Shares of IXN opened at $83.95 on Wednesday. The firm has a market cap of $5.21 billion, a PE ratio of 37.10 and a beta of 1.13. The company’s fifty day moving average is $85.57 and its two-hundred day moving average is $83.53. iShares Global Tech ETF has a fifty-two week low of $68.53 and a fifty-two week high of $88.62.

About iShares Global Tech ETF

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.