iShares Global Tech ETF (IXN) Sells $26.8 Million of Apple on Nov. 6

This article first appeared on GuruFocus .

iShares Global Tech ETF ( IXN ) posted net sales of $143.7 million on Friday, with gross ETF activity of $143.7 million all on the sell side. IXN increased no positions and decreased 77, leaving its $8.09 billion portfolio tilted toward trims rather than additions.

What did IXN sell on Friday?

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Its largest sells by dollar value were AAPL ($26.8 million), NVDA ($24.2 million) and MSFT ($21.1 million).

The largest sale was Apple ( AAPL ), where 78,240 shares were cut for $26.8 million, followed by Nvidia ( NVDA ) at $24.2 million on a 129,750-share reduction and Microsoft ( MSFT ) at $21.1 million on 39,810 shares. Broadcom ( AVGO ) fell by $7.5 million and Micron Technology ( MU ) by $6.3 million. None of the moves was a new position or a full exit.

How does IXN invest?

IXN is an equity sector information technology fund holding 130 stocks, with 61.7% of assets in its 10 largest holdings. Technology accounts for 99.7% of classified sector weight and industrials 0.3%, while large caps make up 99.9% of the mix and mid caps 0.1%. It charges 0.37% and its top holdings are Apple at 14.52%, Nvidia at 13.13%, Microsoft at 11.45%, Taiwan Semiconductor Manufacturing at 4.58% and Broadcom at 4.06%. The fund has a GF Score of 91, a P/E of 31.66, a P/B of 11.69, a dividend yield of 0.26% and a year-to-date return of 22.46%.

iShares Global Tech ETF ( IXN ) at a glance

See the full iShares Global Tech ETF profile , or compare it with similar funds in the ETF Screener . Its biggest sell this time, AAPL, has its own GF Value page and stock summary .

Looking for a fund? Use the ETF Screener , and follow daily fund activity on the ETF Trends page.

What should investors watch next for IXN?

With no buys and 77 cuts, watch whether the next holdings update shows further trims in Apple and Nvidia or a return to adding positions.