iShares Global Tech ETF (NYSEARCA:IXN – Get Free Report) traded down 1.1% during trading on Monday. The company traded as low as $145.95 and last traded at $147.32. 173,469 shares were traded during trading, a decline of 54% from the average daily volume of 380,936 shares. The stock had previously closed at $148.96.
iShares Global Tech ETF Stock Up 1.0%
The business’s fifty day moving average is $140.33 and its two-hundred day moving average is $131.24. The stock has a market capitalization of $9.78 billion, a PE ratio of 34.73 and a beta of 1.37.
Hedge Funds Weigh In On iShares Global Tech ETF
A number of institutional investors and hedge funds have recently made changes to their positions in IXN. Pictet Asset Management Holding SA lifted its stake in shares of iShares Global Tech ETF by 64.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,152,840 shares of the company’s stock valued at $110,396,000 after purchasing an additional 450,580 shares during the last quarter. Larch Capital Partners LLC purchased a new position in shares of iShares Global Tech ETF in the 4th quarter worth approximately $3,665,000. Fifth Third Bancorp increased its position in shares of iShares Global Tech ETF by 461.3% during the 1st quarter. Fifth Third Bancorp now owns 36,071 shares of the company’s stock valued at $3,606,000 after purchasing an additional 29,645 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of iShares Global Tech ETF during the 2nd quarter valued at approximately $1,454,000. Finally, Hsbc Holdings PLC purchased a new stake in iShares Global Tech ETF during the 4th quarter valued at $1,890,000.
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.
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