iShares Global Tech ETF (NYSEARCA:IXN) Reaches New 12-Month High – Time to Buy?

Shares of iShares Global Tech ETF (NYSEARCA:IXN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $123.05 and last traded at $122.93, with a volume of 21905 shares changing hands. The stock had previously closed at $121.85.

iShares Global Tech ETF Price Performance

The stock has a 50-day simple moving average of $108.54 and a 200-day simple moving average of $107.01. The stock has a market cap of $8.38 billion, a PE ratio of 34.73 and a beta of 1.32.

Institutional Investors Weigh In On iShares Global Tech ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its stake in iShares Global Tech ETF by 2.3% during the fourth quarter. Continuum Advisory LLC now owns 4,209 shares of the company’s stock worth $442,000 after buying an additional 94 shares during the period. NorthCrest Asset Manangement LLC grew its stake in iShares Global Tech ETF by 2.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,770 shares of the company’s stock worth $500,000 after buying an additional 95 shares during the period. Oppenheimer & Co. Inc. grew its stake in iShares Global Tech ETF by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,088 shares of the company’s stock worth $534,000 after buying an additional 98 shares during the period. Balance Wealth LLC grew its stake in iShares Global Tech ETF by 0.6% during the first quarter. Balance Wealth LLC now owns 15,923 shares of the company’s stock worth $1,592,000 after buying an additional 99 shares during the period. Finally, Columbus Macro LLC grew its stake in iShares Global Tech ETF by 0.6% during the first quarter. Columbus Macro LLC now owns 18,339 shares of the company’s stock worth $1,833,000 after buying an additional 109 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.