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

iShares Global Tech ETF (NYSEARCA:IXN) shares saw an uptick in trading volume on Monday . 280,413 shares changed hands during trading, an increase of 8% from the previous session’s volume of 258,592 shares.The stock last traded at $84.88 and had previously closed at $85.34.

iShares Global Tech ETF Trading Down 0.3%

The firm has a 50-day moving average of $76.20 and a 200 day moving average of $81.61. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 31.23 and a beta of 1.23.

Hedge Funds Weigh In On iShares Global Tech ETF

Institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its position in shares of iShares Global Tech ETF by 0.4% during the fourth quarter. Comerica Bank now owns 32,280 shares of the company’s stock worth $2,736,000 after purchasing an additional 118 shares during the last quarter. Blue Trust Inc. raised its position in shares of iShares Global Tech ETF by 3.3% during the 4th quarter. Blue Trust Inc. now owns 4,130 shares of the company’s stock valued at $341,000 after acquiring an additional 130 shares in the last quarter. Keystone Wealth Services LLC raised its position in shares of iShares Global Tech ETF by 1.2% during the 4th quarter. Keystone Wealth Services LLC now owns 11,080 shares of the company’s stock valued at $939,000 after acquiring an additional 132 shares in the last quarter. PFG Advisors raised its position in shares of iShares Global Tech ETF by 2.9% during the 4th quarter. PFG Advisors now owns 5,241 shares of the company’s stock valued at $444,000 after acquiring an additional 147 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its position in shares of iShares Global Tech ETF by 5.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 3,140 shares of the company’s stock valued at $266,000 after acquiring an additional 152 shares in the last quarter.

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.