iShares Global Tech ETF (NYSEARCA:IXN) Sees Strong Trading Volume – Time to Buy?

iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-strong trading volume on Thursday . Approximately 716,475 shares were traded during trading, an increase of 192% from the previous session’s volume of 245,177 shares.The stock last traded at $72.47 and had previously closed at $76.85.

iShares Global Tech ETF Price Performance

The company has a 50 day moving average of $81.32 and a 200-day moving average of $83.11. The company has a market capitalization of $4.10 billion, a P/E ratio of 32.70 and a beta of 1.15.

Institutional Trading of iShares Global Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Townsquare Capital LLC increased its position in iShares Global Tech ETF by 16.1% in the third quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after purchasing an additional 444 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of iShares Global Tech ETF by 18.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 24,333 shares of the company’s stock valued at $2,008,000 after buying an additional 3,730 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares Global Tech ETF by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 20,189 shares of the company’s stock valued at $1,666,000 after acquiring an additional 285 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in iShares Global Tech ETF in the third quarter worth about $275,000. Finally, IHT Wealth Management LLC increased its stake in iShares Global Tech ETF by 24.5% during the third quarter. IHT Wealth Management LLC now owns 6,238 shares of the company’s stock worth $513,000 after acquiring an additional 1,228 shares during 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.