iShares Global Tech ETF (NYSEARCA:IXN) Sets New 1-Year High – Here’s Why

Shares of iShares Global Tech ETF (NYSEARCA:IXN) hit a new 52-week high during mid-day trading on Monday . The company 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 Stock Performance

The firm has a market capitalization of $8.55 billion, a P/E ratio of 34.73 and a beta of 1.32. The business has a fifty day moving average of $110.41 and a 200-day moving average of $107.75.

Hedge Funds Weigh In On iShares Global Tech ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new position in iShares Global Tech ETF during the 4th quarter valued at $25,000. Tucker Asset Management LLC acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at $28,000. Bayban acquired a new position in shares of iShares Global Tech ETF during the 1st quarter valued at $28,000. Larson Financial Group LLC acquired a new position in shares of iShares Global Tech ETF during the 3rd quarter valued at $28,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of iShares Global Tech ETF during the 4th quarter valued at $28,000.

About iShares Global Tech ETF

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.