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

iShares Global Tech ETF (NYSEARCA:IXN) saw strong trading volume on Wednesday . Approximately 1,120,740 shares changed hands during trading, an increase of 197% from the previous session’s volume of 377,365 shares.The stock last traded at $138.28 and had previously closed at $138.92.

iShares Global Tech ETF Stock Performance

The company has a market cap of $8.72 billion, a P/E ratio of 34.73 and a beta of 1.36. The firm’s fifty day moving average is $138.80 and its two-hundred day moving average is $118.80.

Hedge Funds Weigh In On iShares Global Tech ETF

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC raised its stake in iShares Global Tech ETF by 16.7% during the 4th quarter. Brighton Jones LLC now owns 4,390 shares of the company’s stock valued at $372,000 after purchasing an additional 627 shares during the period. Marshall Wace LLP purchased a new position in iShares Global Tech ETF in the 2nd quarter worth approximately $791,000. Gamco Investors INC. ET AL bought a new position in iShares Global Tech ETF in the 2nd quarter worth approximately $554,000. NewEdge Advisors LLC boosted its stake in iShares Global Tech ETF by 0.6% in the 2nd quarter. NewEdge Advisors LLC now owns 50,193 shares of the company’s stock worth $4,635,000 after purchasing an additional 306 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in iShares Global Tech ETF by 14,762.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after purchasing an additional 324,186 shares during the period.

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.