iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 1-Year High – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $88.21 and last traded at $88.19, with a volume of 30077 shares traded. The stock had previously closed at $86.08.

iShares Global Tech ETF Trading Up 1.9 %

The company has a market cap of $5.23 billion, a P/E ratio of 34.17 and a beta of 1.37. The firm’s fifty day moving average price is $84.56 and its 200-day moving average price is $82.53.

Institutional Trading of iShares Global Tech ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koss Olinger Consulting LLC bought a new stake in iShares Global Tech ETF during the second quarter worth about $1,428,000. Choreo LLC grew its stake in iShares Global Tech ETF by 5.3% during the second quarter. Choreo LLC now owns 29,717 shares of the company’s stock worth $2,485,000 after buying an additional 1,489 shares during the last quarter. VitalStone Financial LLC grew its stake in iShares Global Tech ETF by 0.6% during the second quarter. VitalStone Financial LLC now owns 25,439 shares of the company’s stock worth $2,107,000 after buying an additional 147 shares during the last quarter. LPL Financial LLC grew its stake in iShares Global Tech ETF by 7.2% during the second quarter. LPL Financial LLC now owns 853,034 shares of the company’s stock worth $70,648,000 after buying an additional 57,529 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in iShares Global Tech ETF by 0.6% during the second quarter. Johnson Investment Counsel Inc. now owns 106,625 shares of the company’s stock worth $8,831,000 after buying an additional 604 shares during 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.