Allianz Technology Trust (LON:ATT) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Allianz Technology Trust (LON:ATT)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 535.26 and traded as high as GBX 546. Allianz Technology Trust shares last traded at GBX 534, with a volume of 1,535,355 shares trading hands.

Allianz Technology Trust Stock Performance

The stock has a market capitalization of £1.89 billion, a price-to-earnings ratio of 14.26 and a beta of 0.52. The firm has a fifty day moving average of GBX 535.26 and a 200-day moving average of GBX 512.12.

About Allianz Technology Trust

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.

The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.