iShares Global Tech ETF (NYSEARCA:IXN) Hits New 12-Month High – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $101.86 and last traded at $101.70, with a volume of 124365 shares trading hands. The stock had previously closed at $100.86.

iShares Global Tech ETF Stock Performance

The stock has a market cap of $6.11 billion, a PE ratio of 34.73 and a beta of 1.15. The stock has a fifty day moving average price of $96.80 and a 200 day moving average price of $86.91.

Hedge Funds Weigh In On iShares Global Tech ETF

Large investors have recently made changes to their positions in the company. PGIM Custom Harvest LLC raised its position in iShares Global Tech ETF by 38.4% in the 1st quarter. PGIM Custom Harvest LLC now owns 1,929,209 shares of the company’s stock worth $146,118,000 after purchasing an additional 534,897 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of iShares Global Tech ETF by 14,762.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after buying an additional 324,186 shares during the period. Jane Street Group LLC boosted its holdings in iShares Global Tech ETF by 298.9% during the 1st quarter. Jane Street Group LLC now owns 285,831 shares of the company’s stock valued at $21,649,000 after acquiring an additional 214,181 shares during the period. Bank of America Corp DE boosted its holdings in iShares Global Tech ETF by 8.7% during the 2nd quarter. Bank of America Corp DE now owns 2,398,815 shares of the company’s stock valued at $221,507,000 after acquiring an additional 191,600 shares during the period. Finally, Virtu Financial LLC purchased a new stake in iShares Global Tech ETF in the first quarter worth $11,995,000.

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.