iShares Global Tech ETF (NYSEARCA:IXN) Hits New 52-Week High – Time to Buy?

iShares Global Tech ETF (NYSEARCA:IXN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $107.64 and last traded at $107.36, with a volume of 22492 shares trading hands. The stock had previously closed at $105.98.

iShares Global Tech ETF Price Performance

The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 34.73 and a beta of 1.15. The stock’s 50 day simple moving average is $100.69 and its 200-day simple moving average is $91.54.

Institutional Trading of iShares Global Tech ETF

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in iShares Global Tech ETF by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,498 shares of the company’s stock valued at $1,246,000 after purchasing an additional 115 shares during the period. Farther Finance Advisors LLC boosted its holdings in iShares Global Tech ETF by 8.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,561 shares of the company’s stock valued at $144,000 after purchasing an additional 116 shares during the period. MGO One Seven LLC boosted its holdings in iShares Global Tech ETF by 1.3% in the 3rd quarter. MGO One Seven LLC now owns 9,559 shares of the company’s stock valued at $987,000 after purchasing an additional 121 shares during the period. Financial Partners Group Inc boosted its holdings in iShares Global Tech ETF by 4.9% in the 3rd quarter. Financial Partners Group Inc now owns 3,242 shares of the company’s stock valued at $335,000 after purchasing an additional 151 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in iShares Global Tech ETF by 2.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,285 shares of the company’s stock valued at $580,000 after purchasing an additional 168 shares during the period.

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.