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

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-strong trading volume on Wednesday . Approximately 132,035 shares changed hands during mid-day trading, a decline of 51% from the previous session’s volume of 268,253 shares.The stock last traded at $83.22 and had previously closed at $84.29.

iShares Global Tech ETF Stock Down 2.9 %

The firm’s 50-day moving average is $81.49 and its two-hundred day moving average is $79.60. The stock has a market cap of $4.81 billion, a P/E ratio of 34.17 and a beta of 1.37.

Institutional Investors Weigh In On iShares Global Tech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. increased its position in iShares Global Tech ETF by 3.0% during the second quarter. J.W. Cole Advisors Inc. now owns 4,628 shares of the company’s stock worth $383,000 after acquiring an additional 135 shares during the period. VitalStone Financial LLC increased its holdings in iShares Global Tech ETF by 0.6% in the 2nd quarter. VitalStone Financial LLC now owns 25,439 shares of the company’s stock valued at $2,107,000 after buying an additional 147 shares during the period. Blue Trust Inc. increased its holdings in iShares Global Tech ETF by 4.0% in the 3rd quarter. Blue Trust Inc. now owns 4,000 shares of the company’s stock valued at $331,000 after buying an additional 155 shares during the period. SteelPeak Wealth LLC increased its holdings in iShares Global Tech ETF by 5.5% in the 2nd quarter. SteelPeak Wealth LLC now owns 3,050 shares of the company’s stock valued at $253,000 after buying an additional 160 shares during the period. Finally, Front Row Advisors LLC increased its holdings in iShares Global Tech ETF by 1.0% in the 2nd quarter. Front Row Advisors LLC now owns 20,354 shares of the company’s stock valued at $1,686,000 after buying an additional 201 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.