iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 1-Year High – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN) shares reached a new 52-week high on Monday . The company traded as high as $88.21 and last traded at $88.19, with a volume of 30077 shares trading hands. The stock had previously closed at $86.08.

iShares Global Tech ETF Price Performance

The stock has a market cap of $5.23 billion, a P/E ratio of 34.17 and a beta of 1.37. The company has a fifty day moving average of $84.56 and a 200 day moving average of $82.53.

Hedge Funds Weigh In On iShares Global Tech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. boosted its stake in shares of iShares Global Tech ETF by 0.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 106,625 shares of the company’s stock valued at $8,831,000 after buying an additional 604 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Global Tech ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 183,732 shares of the company’s stock worth $15,217,000 after acquiring an additional 14,300 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares Global Tech ETF during the 2nd quarter worth $783,000. VitalStone Financial LLC increased its holdings in shares of iShares Global Tech ETF by 0.9% during the 3rd quarter. VitalStone Financial LLC now owns 25,663 shares of the company’s stock worth $2,118,000 after purchasing an additional 224 shares during the period. Finally, Townsquare Capital LLC increased its holdings in shares of iShares Global Tech ETF by 16.1% during the 3rd quarter. Townsquare Capital LLC now owns 3,197 shares of the company’s stock worth $264,000 after purchasing an additional 444 shares during the period.

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.