iShares Global Tech ETF (NYSEARCA:IXN) Hits New 1-Year High – What’s Next?

iShares Global Tech ETF (NYSEARCA:IXN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $112.80 and last traded at $112.78, with a volume of 24606 shares. The stock had previously closed at $112.06.

iShares Global Tech ETF Stock Up 0.7%

The company has a fifty day simple moving average of $104.90 and a 200 day simple moving average of $105.56. The firm has a market capitalization of $7.10 billion, a P/E ratio of 34.73 and a beta of 1.26.

Institutional Investors Weigh In On iShares Global Tech ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in iShares Global Tech ETF by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 3,053,228 shares of the company’s stock worth $320,589,000 after acquiring an additional 57,560 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Global Tech ETF by 0.8% in the third quarter. Bank of America Corp DE now owns 2,418,337 shares of the company’s stock worth $249,597,000 after acquiring an additional 19,522 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares Global Tech ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 954,811 shares of the company’s stock worth $100,255,000 after acquiring an additional 43,586 shares in the last quarter. Royal Bank of Canada boosted its holdings in iShares Global Tech ETF by 10.8% in the fourth quarter. Royal Bank of Canada now owns 944,545 shares of the company’s stock worth $99,177,000 after acquiring an additional 92,222 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in iShares Global Tech ETF by 76.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 702,260 shares of the company’s stock worth $74,454,000 after acquiring an additional 304,160 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.