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

iShares Global Tech ETF (NYSEARCA:IXN) shares saw an uptick in trading volume on Wednesday . 290,753 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 369,817 shares.The stock last traded at $136.08 and had previously closed at $135.86.

iShares Global Tech ETF Stock Down 0.7%

The firm has a fifty day moving average of $136.70 and a 200-day moving average of $117.17. The firm has a market cap of $8.84 billion, a P/E ratio of 34.73 and a beta of 1.36.

Institutional Investors Weigh In On iShares Global Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asempa Wealth Advisors bought a new position in shares of iShares Global Tech ETF in the 4th quarter valued at about $852,000. Patten & Patten Inc. TN increased its stake in shares of iShares Global Tech ETF by 2.9% during the 4th quarter. Patten & Patten Inc. TN now owns 545,249 shares of the company’s stock worth $57,251,000 after purchasing an additional 15,285 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares Global Tech ETF by 700.6% in the 4th quarter. Farther Finance Advisors LLC now owns 16,204 shares of the company’s stock valued at $1,701,000 after purchasing an additional 14,180 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of iShares Global Tech ETF by 10.8% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99,153 shares of the company’s stock valued at $10,411,000 after purchasing an additional 9,677 shares during the period. Finally, Goodman Advisory Group LLC acquired a new stake in iShares Global Tech ETF in the 1st quarter valued at about $534,000.

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.