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 company traded as high as $112.80 and last traded at $112.78, with a volume of 24606 shares changing hands. The stock had previously closed at $112.06.

iShares Global Tech ETF Price Performance

The company has a market cap of $7.10 billion, a PE ratio of 34.73 and a beta of 1.26. The business has a 50-day moving average of $104.90 and a 200 day moving average of $105.56.

Institutional Trading of iShares Global Tech ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new stake in iShares Global Tech ETF in the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new stake in iShares Global Tech ETF in the fourth quarter worth about $28,000. Larson Financial Group LLC purchased a new stake in iShares Global Tech ETF in the third quarter worth about $28,000. Mcguire Capital Advisors Inc. purchased a new stake in iShares Global Tech ETF in the fourth quarter worth about $28,000. Finally, EFG International AG purchased a new stake in iShares Global Tech ETF in the fourth quarter worth about $32,000.

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.