Cardinal Strategic Wealth Guidance Lowers Stock Holdings in iShares Global Tech ETF $IXN

Cardinal Strategic Wealth Guidance cut its holdings in shares of iShares Global Tech ETF (NYSEARCA:IXN) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,350 shares of the company’s stock after selling 9,277 shares during the quarter. iShares Global Tech ETF comprises approximately 1.7% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 14th biggest holding. Cardinal Strategic Wealth Guidance owned approximately 0.10% of iShares Global Tech ETF worth $6,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management lifted its holdings in shares of iShares Global Tech ETF by 17.5% during the 1st quarter. Brookstone Capital Management now owns 8,586 shares of the company’s stock worth $858,000 after acquiring an additional 1,280 shares during the period. Sheets Smith Wealth Management increased its position in iShares Global Tech ETF by 1.3% during the first quarter. Sheets Smith Wealth Management now owns 15,022 shares of the company’s stock worth $1,502,000 after purchasing an additional 186 shares during the last quarter. Uhlmann Price Securities LLC purchased a new position in iShares Global Tech ETF during the first quarter worth approximately $614,000. Purpose Unlimited Inc. acquired a new position in shares of iShares Global Tech ETF in the 4th quarter valued at $135,000. Finally, Hsbc Holdings PLC acquired a new position in shares of iShares Global Tech ETF in the 4th quarter valued at $1,890,000.

iShares Global Tech ETF Stock Down 0.3%

IXN stock opened at $138.89 on Thursday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 34.73 and a beta of 1.36. The business has a fifty day simple moving average of $132.60 and a 200-day simple moving average of $115.04. iShares Global Tech ETF has a 52 week low of $90.21 and a 52 week high of $149.83.

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.