iShares Global Tech ETF (NYSEARCA:IXN) Sets New 52-Week High – Time to Buy?

iShares Global Tech ETF (NYSEARCA:IXN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $134.08 and last traded at $133.57, with a volume of 367597 shares. The stock had previously closed at $133.01.

iShares Global Tech ETF Price Performance

The company has a 50 day moving average price of $108.94 and a 200 day moving average price of $107.18. The firm has a market cap of $8.75 billion, a PE ratio of 34.73 and a beta of 1.32.

Institutional Investors Weigh In On iShares Global Tech ETF

Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter worth approximately $28,000. Bayban purchased a new stake in shares of iShares Global Tech ETF during the first quarter worth approximately $28,000. Larson Financial Group LLC purchased a new stake in shares of iShares Global Tech ETF during the third quarter worth approximately $28,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter worth approximately $28,000.

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.