iShares Global Tech ETF (NYSEARCA:IXN) Sees Strong Trading Volume

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw strong trading volume on Monday . 485,107 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 348,879 shares.The stock last traded at $68.73 and had previously closed at $68.72.

iShares Global Tech ETF Trading Up 1.6 %

The business has a 50-day simple moving average of $73.49 and a 200 day simple moving average of $68.36. The stock has a market cap of $4.27 billion, a P/E ratio of 34.43 and a beta of 1.32.

Institutional Investors Weigh In On iShares Global Tech ETF

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in shares of iShares Global Tech ETF by 11.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,879 shares of the company’s stock valued at $127,000 after purchasing an additional 192 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of iShares Global Tech ETF by 33.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 782 shares of the company’s stock valued at $45,000 after purchasing an additional 194 shares during the period. MCIA Inc lifted its stake in shares of iShares Global Tech ETF by 5.8% in the 3rd quarter. MCIA Inc now owns 3,719 shares of the company’s stock valued at $236,000 after purchasing an additional 204 shares during the period. Flagship Private Wealth LLC raised its stake in iShares Global Tech ETF by 0.5% during the 3rd quarter. Flagship Private Wealth LLC now owns 46,420 shares of the company’s stock worth $2,685,000 after buying an additional 214 shares during the period. Finally, Money Concepts Capital Corp raised its stake in iShares Global Tech ETF by 1.2% during the 3rd quarter. Money Concepts Capital Corp now owns 18,712 shares of the company’s stock worth $1,083,000 after buying an additional 231 shares during the period.

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.