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

iShares Global Tech ETF (NYSEARCA:IXN) shares saw strong trading volume on Friday . 1,267,657 shares were traded during mid-day trading, an increase of 192% from the previous session’s volume of 434,053 shares.The stock last traded at $83.79 and had previously closed at $85.76.

iShares Global Tech ETF Price Performance

The firm has a market capitalization of $5.00 billion, a P/E ratio of 34.17 and a beta of 1.37. The firm’s fifty day moving average price is $84.89 and its 200-day moving average price is $82.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IXN. LPL Financial LLC grew its holdings in shares of iShares Global Tech ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 853,034 shares of the company’s stock worth $70,648,000 after acquiring an additional 57,529 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in iShares Global Tech ETF by 1.3% during the 3rd quarter. Patten & Patten Inc. TN now owns 465,504 shares of the company’s stock worth $38,418,000 after buying an additional 5,808 shares during the period. International Assets Investment Management LLC raised 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 during the period. Parallel Advisors LLC lifted its stake in iShares Global Tech ETF by 1.1% during the second quarter. Parallel Advisors LLC now owns 257,711 shares of the company’s stock valued at $21,344,000 after buying an additional 2,688 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of iShares Global Tech ETF by 269.8% in the third 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 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.