iShares Global Tech ETF (NYSEARCA:IXN) Sees Unusually-High Trading Volume – Still a Buy?

iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-high trading volume on Monday. Approximately 581,592 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 381,822 shares. The stock last traded at $135.3080 and had previously closed at $134.69.

iShares Global Tech ETF Stock Performance

The company has a market cap of $8.79 billion, a PE ratio of 23.15 and a beta of 1.40. The business’s 50-day moving average is $143.12 and its 200 day moving average is $128.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IXN. Edgemoor Investment Advisors Inc. purchased a new stake in iShares Global Tech ETF in the third quarter worth $35,000. Avantax Planning Partners Inc. bought a new stake in iShares Global Tech ETF in the third quarter valued at $654,000. Brighton Jones LLC bought a new stake in iShares Global Tech ETF in the third quarter valued at $413,000. Uhlmann Price Securities LLC bought a new stake in iShares Global Tech ETF in the third quarter valued at $889,000. Finally, Buckhead Capital Management LLC purchased a new position in iShares Global Tech ETF during the 3rd quarter valued at $805,000.

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.