iShares Global Tech ETF (NYSEARCA:IXN) Hits New 52-Week High at $85.82

Shares of iShares Global Tech ETF (NYSEARCA:IXN) hit a new 52-week high during trading on Friday . The stock traded as high as $85.82 and last traded at $85.69, with a volume of 31319 shares traded. The stock had previously closed at $85.41.

iShares Global Tech ETF Stock Up 0.6 %

The firm has a market cap of $5.13 billion, a P/E ratio of 34.17 and a beta of 1.37. The firm’s 50-day simple moving average is $78.42 and its 200 day simple moving average is $73.92.

Hedge Funds Weigh In On iShares Global Tech ETF

Several hedge funds have recently bought and sold shares of IXN. VitalStone Financial LLC boosted its stake in shares of iShares Global Tech ETF by 155,711.1% in the 3rd quarter. VitalStone Financial LLC now owns 28,046 shares of the company’s stock valued at $1,776,000 after purchasing an additional 28,028 shares in the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of iShares Global Tech ETF in the 3rd quarter worth about $1,583,000. Palladiem LLC purchased a new stake in shares of iShares Global Tech ETF in the 3rd quarter worth about $2,260,000. Etfidea LLC lifted its position in shares of iShares Global Tech ETF by 68.2% in the 3rd quarter. Etfidea LLC now owns 9,764 shares of the company’s stock worth $565,000 after purchasing an additional 3,959 shares during the period. Finally, Ignite Planners LLC lifted its position in shares of iShares Global Tech ETF by 30.0% in the 4th quarter. Ignite Planners LLC now owns 4,882 shares of the company’s stock worth $324,000 after purchasing an additional 1,126 shares during the period.

About iShares Global Tech ETF

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.