iShares Global Tech ETF (NYSEARCA:IXN) Hits New 1-Year High – Should You Buy?

iShares Global Tech ETF (NYSEARCA:IXN)’s share price reached a new 52-week high on Thursday . The company traded as high as $140.79 and last traded at $139.34, with a volume of 232334 shares. The stock had previously closed at $139.70.

iShares Global Tech ETF Stock Performance

The business’s fifty day moving average price is $116.87 and its two-hundred day moving average price is $109.71. The stock has a market capitalization of $9.06 billion, a P/E ratio of 34.73 and a beta of 1.32.

Hedge Funds Weigh In On iShares Global Tech ETF

Several hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in iShares Global Tech ETF by 16.7% during the 4th quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock valued at $372,000 after purchasing an additional 627 shares during the last quarter. Marshall Wace LLP bought a new position in iShares Global Tech ETF during the 2nd quarter valued at about $791,000. Gamco Investors INC. ET AL bought a new position in iShares Global Tech ETF during the 2nd quarter valued at about $554,000. NewEdge Advisors LLC grew its holdings in iShares Global Tech ETF by 0.6% during the 2nd quarter. NewEdge Advisors LLC now owns 50,193 shares of the company’s stock valued at $4,635,000 after purchasing an additional 306 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in iShares Global Tech ETF by 14,762.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock valued at $30,138,000 after purchasing an additional 324,186 shares during 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.