iShares Global Tech ETF (NYSEARCA:IXN) Hits New 1-Year High – What’s Next?

Shares of iShares Global Tech ETF (NYSEARCA:IXN) hit a new 52-week high during trading on Tuesday . The stock traded as high as $88.52 and last traded at $88.12, with a volume of 8750 shares traded. The stock had previously closed at $87.75.

iShares Global Tech ETF Stock Performance

The firm’s 50 day moving average price is $85.67 and its two-hundred day moving average price is $83.15. The company has a market cap of $5.48 billion, a P/E ratio of 37.10 and a beta of 1.13.

Hedge Funds Weigh In On iShares Global Tech ETF

Institutional investors have recently made changes to their positions in the stock. Synergy Investment Management LLC acquired a new position in shares of iShares Global Tech ETF during the fourth quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of iShares Global Tech ETF during the third quarter valued at about $28,000. Hager Investment Management Services LLC acquired a new position in shares of iShares Global Tech ETF during the fourth quarter valued at about $33,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of iShares Global Tech ETF during the fourth quarter valued at about $44,000. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of iShares Global Tech ETF during the fourth quarter valued at about $45,000.

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.