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

iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-high trading volume on Thursday . Approximately 716,475 shares were traded during mid-day trading, an increase of 192% from the previous session’s volume of 245,177 shares.The stock last traded at $72.47 and had previously closed at $76.85.

iShares Global Tech ETF Stock Down 6.5 %

The company has a market capitalization of $4.38 billion, a P/E ratio of 32.70 and a beta of 1.15. The company has a 50 day simple moving average of $82.03 and a two-hundred day simple moving average of $83.28.

Institutional Trading of iShares Global Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Synergy Investment Management LLC bought a new position in iShares Global Tech ETF during the fourth quarter valued at $25,000. Hager Investment Management Services LLC bought a new position in iShares Global Tech ETF during the 4th quarter valued at about $33,000. Halbert Hargrove Global Advisors LLC bought a new position in iShares Global Tech ETF during the 4th quarter valued at about $44,000. Flagship Wealth Advisors LLC purchased a new stake in iShares Global Tech ETF in the 4th quarter worth about $45,000. Finally, VSM Wealth Advisory LLC bought a new stake in iShares Global Tech ETF in the fourth quarter worth about $50,000.

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.