iShares Global Tech ETF (NYSEARCA:IXN – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $128.24 and traded as low as $120.89. iShares Global Tech ETF shares last traded at $121.12, with a volume of 1,341,260 shares traded.
iShares Global Tech ETF Price Performance
The firm’s fifty day moving average price is $142.27 and its 200-day moving average price is $128.34. The firm has a market capitalization of $8.16 billion, a P/E ratio of 23.15 and a beta of 1.40.
Institutional Investors Weigh In On iShares Global Tech ETF
A number of institutional investors have recently added to or reduced their stakes in IXN. Fisher Asset Management LLC acquired a new position in shares of iShares Global Tech ETF during the 3rd quarter valued at $380,044,000. Pictet Asset Management Holding SA lifted its holdings in shares of iShares Global Tech ETF by 45.1% in the third quarter. Pictet Asset Management Holding SA now owns 1,032,080 shares of the company’s stock valued at $152,766,000 after buying an additional 320,610 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of iShares Global Tech ETF in the third quarter valued at $35,353,000. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares Global Tech ETF during the third quarter valued at about $19,866,000. Finally, International Assets Investment Management LLC boosted its stake in iShares Global Tech ETF by 2,943.1% during the third quarter. International Assets Investment Management LLC now owns 65,000 shares of the company’s stock valued at $9,634,000 after buying an additional 62,864 shares in the last quarter.
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.
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