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

iShares Global Tech ETF (NYSEARCA:IXN) shares saw an uptick in trading volume on Thursday . 213,427 shares traded hands during trading, a decline of 11% from the previous session’s volume of 240,629 shares.The stock last traded at $77.72 and had previously closed at $78.25.

iShares Global Tech ETF Trading Down 2.6 %

The stock has a market capitalization of $4.62 billion, a PE ratio of 32.70 and a beta of 1.15. The company’s 50-day moving average is $82.63 and its 200 day moving average is $83.32.

Institutional Investors Weigh In On iShares Global Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in iShares Global Tech ETF by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,011,498 shares of the company’s stock worth $85,724,000 after acquiring an additional 94,145 shares during the last quarter. FIL Ltd raised its stake in shares of iShares Global Tech ETF by 6.4% in the fourth quarter. FIL Ltd now owns 802,955 shares of the company’s stock worth $68,323,000 after purchasing an additional 48,385 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of iShares Global Tech ETF by 1,258.0% during the fourth quarter. Wealthfront Advisers LLC now owns 786,089 shares of the company’s stock worth $66,621,000 after purchasing an additional 728,205 shares during the period. Patten & Patten Inc. TN boosted its position in iShares Global Tech ETF by 0.9% in the fourth quarter. Patten & Patten Inc. TN now owns 469,909 shares of the company’s stock valued at $39,825,000 after buying an additional 4,405 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in iShares Global Tech ETF by 1.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 464,811 shares of the company’s stock worth $39,393,000 after buying an additional 7,190 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.