iShares Global Tech ETF (NYSEARCA:IXN) Sets New 12-Month High – What’s Next?

iShares Global Tech ETF (NYSEARCA:IXN)’s share price hit a new 52-week high on Tuesday . The company traded as high as $88.52 and last traded at $88.12, with a volume of 8750 shares traded. The stock had previously closed at $87.75.

iShares Global Tech ETF Price Performance

The firm has a market cap of $5.49 billion, a PE ratio of 37.10 and a beta of 1.13. The business’s 50 day moving average price is $85.57 and its 200 day moving average price is $83.02.

Institutional Trading of iShares Global Tech ETF

A number of institutional investors and hedge funds have recently modified their holdings of IXN. Wealthfront Advisers LLC grew its stake in shares of 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 valued at $66,621,000 after buying an additional 728,205 shares during the period. International Assets Investment Management LLC lifted its holdings in iShares Global Tech ETF by 9,022.6% during the 3rd quarter. International Assets Investment Management LLC now owns 358,428 shares of the company’s stock worth $29,581,000 after buying an additional 354,499 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Global Tech ETF during the 4th quarter worth approximately $23,427,000. Jane Street Group LLC lifted its holdings in iShares Global Tech ETF by 269.8% during the 3rd quarter. Jane Street Group LLC now owns 209,970 shares of the company’s stock worth $17,329,000 after buying an additional 153,183 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in iShares Global Tech ETF by 10.3% during the 4th 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 in the last quarter.

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.