iShares Global Tech ETF (NYSEARCA:IXN) Sees Unusually-High Trading Volume

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-high trading volume on Monday . Approximately 340,742 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 282,199 shares.The stock last traded at $81.52 and had previously closed at $81.46.

iShares Global Tech ETF Stock Performance

The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. The stock’s 50 day moving average is $79.72 and its two-hundred day moving average is $78.00.

Institutional Trading of iShares Global Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aveo Capital Partners LLC bought a new stake in shares of iShares Global Tech ETF in the 4th quarter valued at about $3,861,000. Rollins Financial raised its position in iShares Global Tech ETF by 0.7% in the fourth quarter. Rollins Financial now owns 99,602 shares of the company’s stock valued at $6,791,000 after purchasing an additional 741 shares during the last quarter. Certus Wealth Management LLC raised its holdings in iShares Global Tech ETF by 10.8% in the 4th quarter. Certus Wealth Management LLC now owns 28,699 shares of the company’s stock valued at $1,957,000 after buying an additional 2,798 shares during the last quarter. US Bancorp DE raised its stake in shares of iShares Global Tech ETF by 6.5% during the fourth quarter. US Bancorp DE now owns 19,744 shares of the company’s stock valued at $1,346,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Commerce Bank bought a new position in iShares Global Tech ETF during the 4th quarter worth $464,000.

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.