iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 12-Month High at $79.80

iShares Global Tech ETF (NYSEARCA:IXN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.80 and last traded at $79.69, with a volume of 48027 shares trading hands. The stock had previously closed at $79.41.

iShares Global Tech ETF Stock Up 0.7 %

The firm’s 50-day moving average price is $74.75 and its 200 day moving average price is $72.00. The firm has a market cap of $4.95 billion, a P/E ratio of 34.17 and a beta of 1.37.

Institutional Investors Weigh In On iShares Global Tech ETF

Hedge funds have recently made changes to their positions in the business. Howe & Rusling Inc. bought a new stake in shares of iShares Global Tech ETF during the fourth quarter valued at about $25,000. Planned Solutions Inc. acquired a new stake in shares of iShares Global Tech ETF in the 4th quarter worth approximately $27,000. LifeSteps Financial Inc. bought a new position in shares of iShares Global Tech ETF in the first quarter valued at approximately $33,000. Sound Income Strategies LLC bought a new position in shares of iShares Global Tech ETF in the fourth quarter valued at approximately $45,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $45,000.

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.