Newbridge Financial Services Group Inc. Boosts Stock Position in iShares Global Tech ETF (NYSEARCA:IXN)

Newbridge Financial Services Group Inc. increased its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 76.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,607 shares of the company’s stock after buying an additional 14,584 shares during the period. iShares Global Tech ETF comprises approximately 1.0% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 19th largest holding. Newbridge Financial Services Group Inc. owned approximately 0.06% of iShares Global Tech ETF worth $2,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Executive Wealth Group LLC grew its holdings in shares of iShares Global Tech ETF by 200.0% during the first quarter. Executive Wealth Group LLC now owns 284,556 shares of the company’s stock worth $20,690,000 after buying an additional 189,704 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of iShares Global Tech ETF during the 1st quarter valued at about $10,234,000. Sterling Group Wealth Management LLC purchased a new stake in shares of iShares Global Tech ETF in the second quarter valued at about $8,511,000. Pictet North America Advisors SA increased its position in iShares Global Tech ETF by 286.0% during the second quarter. Pictet North America Advisors SA now owns 132,498 shares of the company’s stock worth $10,973,000 after purchasing an additional 98,168 shares during the last quarter. Finally, Bordeaux Wealth Advisors LLC purchased a new position in iShares Global Tech ETF during the second quarter worth about $7,943,000.

iShares Global Tech ETF Price Performance

NYSEARCA:IXN opened at $80.81 on Wednesday. The company’s 50-day moving average is $79.53 and its two-hundred day moving average is $78.37. iShares Global Tech ETF has a 1-year low of $56.30 and a 1-year high of $88.10. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37.

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.