iShares Global Tech ETF (NYSEARCA:IXN) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Global Tech ETF (NYSEARCA:IXN) saw an uptick in trading volume on Thursday . 716,475 shares changed hands during mid-day trading, an increase of 192% from the previous session’s volume of 245,177 shares.The stock last traded at $72.47 and had previously closed at $76.85.

iShares Global Tech ETF Stock Down 6.5 %

The firm has a market cap of $4.38 billion, a PE ratio of 32.70 and a beta of 1.15. The business has a 50 day simple moving average of $82.03 and a two-hundred day simple moving average of $83.28.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in iShares Global Tech ETF by 0.4% in the 4th quarter. Comerica Bank now owns 32,280 shares of the company’s stock worth $2,736,000 after acquiring an additional 118 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of iShares Global Tech ETF by 3.3% in the fourth quarter. Blue Trust Inc. now owns 4,130 shares of the company’s stock valued at $341,000 after purchasing an additional 130 shares during the period. Keystone Wealth Services LLC grew its stake in iShares Global Tech ETF by 1.2% in the fourth quarter. Keystone Wealth Services LLC now owns 11,080 shares of the company’s stock worth $939,000 after purchasing an additional 132 shares in the last quarter. PFG Advisors increased its holdings in iShares Global Tech ETF by 2.9% during the 4th quarter. PFG Advisors now owns 5,241 shares of the company’s stock worth $444,000 after purchasing an additional 147 shares during the period. Finally, Key Client Fiduciary Advisors LLC raised its position in iShares Global Tech ETF by 5.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 3,140 shares of the company’s stock valued at $266,000 after purchasing an additional 152 shares in the last quarter.

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.