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

iShares Global Tech ETF (NYSEARCA:IXN) saw an uptick in trading volume on Monday . Approximately 932,683 shares traded hands during trading, an increase of 146% from the previous session’s volume of 379,351 shares.The stock last traded at $131.64 and had previously closed at $132.68.

iShares Global Tech ETF Trading Up 0.9%

The stock has a 50 day moving average of $138.74 and a 200-day moving average of $120.84. The company has a market capitalization of $8.40 billion, a P/E ratio of 34.73 and a beta of 1.36.

Hedge Funds Weigh In On iShares Global Tech ETF

A number of hedge funds have recently modified their holdings of IXN. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at $25,000. Tucker Asset Management LLC bought a new position in iShares Global Tech ETF in the 4th quarter worth $28,000. Bayban purchased a new stake in iShares Global Tech ETF in the 1st quarter worth $28,000. Larson Financial Group LLC purchased a new stake in iShares Global Tech ETF in the 3rd quarter worth $28,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in iShares Global Tech ETF during the fourth quarter valued at about $28,000.

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.