iShares Global Tech ETF (NYSEARCA:IXN) Sees Strong Trading Volume – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN) shares saw strong trading volume on Thursday . 716,475 shares were traded during mid-day trading, an increase of 192% from the previous session’s volume of 245,177 shares.The stock last traded at $72.47 and had previously closed at $76.85.

iShares Global Tech ETF Stock Down 6.4 %

The business has a 50-day simple moving average of $81.32 and a 200-day simple moving average of $83.11. The company has a market cap of $4.10 billion, a PE ratio of 32.70 and a beta of 1.15.

Hedge Funds Weigh In On iShares Global Tech ETF

Hedge funds have recently bought and sold shares of the company. Synergy Investment Management LLC purchased a new stake in iShares Global Tech ETF during the fourth quarter worth about $25,000. Hager Investment Management Services LLC purchased a new stake in iShares Global Tech ETF during the 4th quarter worth approximately $33,000. Halbert Hargrove Global Advisors LLC acquired a new stake in iShares Global Tech ETF during the 4th quarter worth approximately $44,000. Flagship Wealth Advisors LLC acquired a new stake in iShares Global Tech ETF during the 4th quarter worth approximately $45,000. Finally, VSM Wealth Advisory LLC purchased a new position in iShares Global Tech ETF in the 4th quarter valued at approximately $50,000.

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.