Allianz Technology Trust (LON:ATT) Hits New 12-Month High – Here’s What Happened

Allianz Technology Trust (LON:ATT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 551 and last traded at GBX 550, with a volume of 358885 shares. The stock had previously closed at GBX 537.

Allianz Technology Trust Stock Performance

The firm’s fifty day simple moving average is GBX 524.86 and its 200 day simple moving average is GBX 492.23. The stock has a market capitalization of £1.95 billion, a P/E ratio of 14.69 and a beta of 0.52.

Allianz Technology Trust Company Profile

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.

The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.