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

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-strong trading volume on Monday . Approximately 452,150 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 331,446 shares.The stock last traded at $77.28 and had previously closed at $80.14.

iShares Global Tech ETF Stock Performance

The stock’s fifty day simple moving average is $84.73 and its two-hundred day simple moving average is $83.55. The stock has a market capitalization of $4.53 billion, a P/E ratio of 32.89 and a beta of 1.15.

Institutional Investors Weigh In On iShares Global Tech ETF

Several large investors have recently modified their holdings of the company. Tyler Stone Wealth Management grew its holdings in iShares Global Tech ETF by 92.4% in the third quarter. Tyler Stone Wealth Management now owns 12,173 shares of the company’s stock worth $1,005,000 after purchasing an additional 5,845 shares during the period. Patten & Patten Inc. TN lifted its position in iShares Global Tech ETF by 1.3% in the 3rd quarter. Patten & Patten Inc. TN now owns 465,504 shares of the company’s stock valued at $38,418,000 after acquiring an additional 5,808 shares in the last quarter. Harbour Investments Inc. increased its holdings in iShares Global Tech ETF by 9.2% during the 3rd quarter. Harbour Investments Inc. now owns 2,814 shares of the company’s stock worth $232,000 after purchasing an additional 238 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of iShares Global Tech ETF during the third quarter valued at approximately $215,000. Finally, Balboa Wealth Partners purchased a new position in iShares Global Tech ETF during the 3rd quarter worth $206,000.

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.