iShares Global Tech ETF (NYSEARCA:IXN) Sees Large Volume Increase

iShares Global Tech ETF (NYSEARCA:IXN) shares saw unusually-high trading volume on Wednesday . Approximately 167,003 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 280,886 shares.The stock last traded at $78.83 and had previously closed at $78.93.

iShares Global Tech ETF Stock Performance

The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 34.17 and a beta of 1.37. The business has a 50 day moving average price of $81.52 and a 200-day moving average price of $76.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its stake in shares of iShares Global Tech ETF by 7.2% in the 2nd quarter. LPL Financial LLC now owns 853,034 shares of the company’s stock valued at $70,648,000 after purchasing an additional 57,529 shares during the period. Assetmark Inc. raised its stake in iShares Global Tech ETF by 686,141.2% during the 4th quarter. Assetmark Inc. now owns 699,966 shares of the company’s stock worth $47,724,000 after buying an additional 699,864 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in iShares Global Tech ETF by 11.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 500,706 shares of the company’s stock worth $34,138,000 after buying an additional 52,960 shares during the period. Patten & Patten Inc. TN raised its stake in iShares Global Tech ETF by 4.3% during the 1st quarter. Patten & Patten Inc. TN now owns 460,808 shares of the company’s stock worth $34,473,000 after buying an additional 18,855 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in iShares Global Tech ETF by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 326,448 shares of the company’s stock worth $27,036,000 after buying an additional 4,104 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.