The iShares Global Tech ETF (IXN) registered $143.7 million in net sales on Nov. 6, with all activity occurring on the sell side. The fund decreased positions in 77 holdings and made no new additions.
Apple (AAPL) took the largest hit, with IXN cutting 78,240 shares for $26.8 million. Nvidia (NVDA) followed with a $24.2 million reduction of 129,750 shares. Microsoft (MSFT) saw a $21.1 million trim of 39,810 shares. Broadcom (AVGO) and Micron Technology (MU) also faced cuts of $7.5 million and $6.3 million, respectively. All were partial reductions, not full exits.
With $8.09 billion in assets, IXN holds 130 stocks, 61.7 percent concentrated in the 10 largest positions. Tech accounts for 99.7 percent of sector weight, with large-cap stocks making up 99.9 percent of the portfolio.
Apple commands 14.52 percent of the fund, Nvidia 13.13 percent, and Microsoft 11.45 percent. Taiwan Semiconductor and Broadcom round out the top five at 4.58 percent and 4.06 percent. IXN charges 0.37 percent in fees, carries a GF Score of 91, and posted a 22.46 percent year-to-date return.
