iShares Global Tech ETF (NYSEARCA:IXN) Sees Large Volume Increase – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN) shares saw unusually-high trading volume on Friday . Approximately 361,396 shares changed hands during trading, an increase of 15% from the previous session’s volume of 313,221 shares.The stock last traded at $80.75 and had previously closed at $81.44.

iShares Global Tech ETF Stock Up 1.2 %

The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 37.10 and a beta of 1.13. The stock has a fifty day moving average of $85.51 and a two-hundred day moving average of $83.53.

Institutional Investors Weigh In On iShares Global Tech ETF

Institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC raised its holdings in shares of iShares Global Tech ETF by 1,258.0% during the fourth quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after purchasing an additional 728,205 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at about $23,427,000. Jane Street Group LLC raised its stake in iShares Global Tech ETF by 269.8% during the third quarter. Jane Street Group LLC now owns 209,970 shares of the company’s stock worth $17,329,000 after acquiring an additional 153,183 shares during the period. Wells Fargo & Company MN increased its position in iShares Global Tech ETF by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock worth $85,724,000 after buying an additional 94,145 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in iShares Global Tech ETF by 1,141.8% in the 4th quarter. Susquehanna International Group LLP now owns 63,123 shares of the company’s stock worth $5,350,000 after buying an additional 58,040 shares in the last quarter.

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.