iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 1-Year High – Still a Buy?

iShares Global Tech ETF (NYSEARCA:IXN)’s share price reached a new 52-week high on Monday . The stock 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 Stock Up 0.1 %

The business’s 50-day moving average is $84.68 and its 200-day moving average is $82.57. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37.

Institutional Investors Weigh In On iShares Global Tech ETF

Institutional investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its holdings in shares of iShares Global Tech ETF by 3.0% during the second quarter. J.W. Cole Advisors Inc. now owns 4,628 shares of the company’s stock worth $383,000 after purchasing an additional 135 shares during the period. VitalStone Financial LLC increased its stake in shares of iShares Global Tech ETF by 0.6% in the second quarter. VitalStone Financial LLC now owns 25,439 shares of the company’s stock worth $2,107,000 after buying an additional 147 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of iShares Global Tech ETF by 4.0% in the 3rd quarter. Blue Trust Inc. now owns 4,000 shares of the company’s stock valued at $331,000 after buying an additional 155 shares during the period. Front Row Advisors LLC increased its stake in shares of iShares Global Tech ETF by 1.0% in the second quarter. Front Row Advisors LLC now owns 20,354 shares of the company’s stock valued at $1,686,000 after purchasing an additional 201 shares during the period. Finally, Excalibur Management Corp grew its holdings in iShares Global Tech ETF by 5.0% during the second quarter. Excalibur Management Corp now owns 4,905 shares of the company’s stock worth $406,000 after acquiring an additional 232 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.