iShares Global Tech ETF (NYSEARCA:IXN) Sees Unusually-High Trading Volume – What’s Next?

iShares Global Tech ETF (NYSEARCA:IXN) shares saw strong trading volume on Friday . 1,138,178 shares traded hands during trading, an increase of 303% from the previous session’s volume of 282,382 shares.The stock last traded at $87.59 and had previously closed at $88.19.

iShares Global Tech ETF Stock Performance

The business has a 50-day moving average of $85.71 and a 200-day moving average of $83.18. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 37.10 and a beta of 1.13.

Institutional Trading of iShares Global Tech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IXN. Wealthfront Advisers LLC lifted its stake in shares of iShares Global Tech ETF by 1,258.0% in the 4th quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after acquiring an additional 728,205 shares during the period. International Assets Investment Management LLC boosted its holdings in iShares Global Tech ETF by 9,022.6% in the 3rd quarter. International Assets Investment Management LLC now owns 358,428 shares of the company’s stock valued at $29,581,000 after purchasing an additional 354,499 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares Global Tech ETF during the 4th quarter worth approximately $23,427,000. Jane Street Group LLC increased its position in iShares Global Tech ETF by 269.8% during the 3rd quarter. Jane Street Group LLC now owns 209,970 shares of the company’s stock worth $17,329,000 after purchasing an additional 153,183 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of iShares Global Tech ETF by 10.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock worth $85,724,000 after buying an additional 94,145 shares in the last quarter.

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.