iShares Global Tech ETF (NYSEARCA:IXN) Hits New 52-Week High – Here’s What Happened

iShares Global Tech ETF (NYSEARCA:IXN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $136.17 and last traded at $135.39, with a volume of 36619 shares trading hands. The stock had previously closed at $134.51.

iShares Global Tech ETF Price Performance

The stock has a market capitalization of $8.80 billion, a PE ratio of 34.73 and a beta of 1.32. The company has a 50 day moving average price of $114.81 and a 200-day moving average price of $109.07.

Hedge Funds Weigh In On iShares Global Tech ETF

Several hedge funds have recently made changes to their positions in IXN. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC purchased a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $28,000. Bayban purchased a new position in shares of iShares Global Tech ETF during the first quarter valued at approximately $28,000. Larson Financial Group LLC purchased a new position in shares of iShares Global Tech ETF during the third quarter valued at approximately $28,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of iShares Global Tech ETF during the fourth quarter valued at approximately $28,000.

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.