iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 12-Month High – What’s Next?

iShares Global Tech ETF (NYSEARCA:IXN) hit a new 52-week high on Wednesday. The company traded as high as $154.04 and last traded at $152.94, with a volume of 155835 shares changing hands. The stock had previously closed at $152.86.

iShares Global Tech ETF Trading Down 2.0%

The company’s 50-day moving average price is $142.98 and its two-hundred day moving average price is $133.58. The company has a market cap of $9.80 billion, a P/E ratio of 34.73 and a beta of 1.37.

Institutional Trading of iShares Global Tech ETF

A number of large investors have recently added to or reduced their stakes in the business. First Heartland Consultants Inc. bought a new stake in shares of iShares Global Tech ETF during the 3rd quarter worth $403,000. Farther Finance Advisors LLC raised its position in shares of iShares Global Tech ETF by 8.5% during the third quarter. Farther Finance Advisors LLC now owns 18,112 shares of the company’s stock worth $2,685,000 after purchasing an additional 1,420 shares during the period. CoreCap Advisors LLC raised its position in shares of iShares Global Tech ETF by 4.7% during the third quarter. CoreCap Advisors LLC now owns 4,468 shares of the company’s stock worth $662,000 after purchasing an additional 199 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in shares of iShares Global Tech ETF during the third quarter valued at $1,663,000. Finally, Investors Research Corp lifted its holdings in shares of iShares Global Tech ETF by 160.4% during the third quarter. Investors Research Corp now owns 690 shares of the company’s stock valued at $102,000 after purchasing an additional 425 shares during the last quarter.

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.