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

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw an uptick in trading volume on Monday . 452,150 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 331,446 shares.The stock last traded at $77.28 and had previously closed at $80.14.

iShares Global Tech ETF Trading Down 4.4 %

The stock has a market capitalization of $4.53 billion, a PE ratio of 32.89 and a beta of 1.15. The firm has a 50-day moving average price of $84.73 and a 200-day moving average price of $83.55.

Institutional Investors Weigh In On iShares Global Tech ETF

Several large investors have recently modified their holdings of IXN. Capital A Wealth Management LLC purchased a new stake in iShares Global Tech ETF during the fourth quarter valued at about $111,000. Integrated Advisors Network LLC boosted its holdings in iShares Global Tech ETF by 37.5% in the 4th quarter. Integrated Advisors Network LLC now owns 4,929 shares of the company’s stock worth $418,000 after buying an additional 1,345 shares during the period. Ameriflex Group Inc. purchased a new position in iShares Global Tech ETF in the 4th quarter valued at approximately $157,000. United Advisor Group LLC raised its holdings in iShares Global Tech ETF by 8.3% during the 4th quarter. United Advisor Group LLC now owns 2,944 shares of the company’s stock valued at $249,000 after acquiring an additional 225 shares during the period. Finally, GTS Securities LLC lifted its position in shares of iShares Global Tech ETF by 104.4% during the fourth quarter. GTS Securities LLC now owns 19,514 shares of the company’s stock worth $1,654,000 after acquiring an additional 9,967 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.