iShares Global Tech ETF (NYSEARCA:IXN) Sees Strong Trading Volume – What’s Next?

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw strong trading volume on Monday . Approximately 452,150 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 331,446 shares.The stock last traded at $77.28 and had previously closed at $80.14.

iShares Global Tech ETF Price Performance

The firm has a market cap of $4.61 billion, a PE ratio of 32.89 and a beta of 1.15. The firm has a 50-day simple moving average of $84.39 and a 200 day simple moving average of $83.47.

Institutional Investors Weigh In On iShares Global Tech ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in iShares Global Tech ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock worth $85,724,000 after buying an additional 94,145 shares during the last quarter. FIL Ltd increased its position in shares of iShares Global Tech ETF by 6.4% during the fourth quarter. FIL Ltd now owns 802,955 shares of the company’s stock valued at $68,323,000 after acquiring an additional 48,385 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in iShares Global Tech ETF by 1,258.0% in the 4th quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after acquiring an additional 728,205 shares during the last quarter. Patten & Patten Inc. TN lifted its position in iShares Global Tech ETF by 0.9% in the 4th quarter. Patten & Patten Inc. TN now owns 469,909 shares of the company’s stock valued at $39,825,000 after acquiring an additional 4,405 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in iShares Global Tech ETF by 1.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 464,811 shares of the company’s stock valued at $39,393,000 after purchasing an additional 7,190 shares during the last quarter.

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.