iShares Global Tech ETF (NYSEARCA:IXN) Sees Unusually-High Trading Volume

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw unusually-high trading volume on Friday . Approximately 144,439 shares were traded during mid-day trading, a decline of 49% from the previous session’s volume of 284,147 shares.The stock last traded at $80.51 and had previously closed at $80.33.

iShares Global Tech ETF Stock Performance

The company has a market capitalization of $4.81 billion, a P/E ratio of 34.17 and a beta of 1.37. The company has a 50-day simple moving average of $80.31 and a 200 day simple moving average of $77.73.

Institutional Trading of iShares Global Tech ETF

A number of institutional investors and hedge funds have recently modified their holdings of IXN. Rothschild Investment LLC bought a new stake in shares of iShares Global Tech ETF during the second quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of iShares Global Tech ETF during the first quarter valued at approximately $33,000. Jones Financial Companies Lllp bought a new stake in iShares Global Tech ETF in the fourth quarter valued at $45,000. Mather Group LLC. bought a new stake in iShares Global Tech ETF in the first quarter valued at $60,000. Finally, ORG Partners LLC bought a new stake in iShares Global Tech ETF in the second quarter valued at $60,000.

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.