Allianz Technology Trust (LON:ATT) Hits New 52-Week High - Here's Why

Allianz Technology Trust (LON:ATT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 456.30 ($5.74) and last traded at GBX 455.50 ($5.73), with a volume of 790415 shares trading hands. The stock had previously closed at GBX 452.50 ($5.70).

Allianz Technology Trust Stock Up 0.1 %

The firm has a market capitalization of £1.72 billion, a P/E ratio of 3.43 and a beta of 0.52. The firm's 50-day simple moving average is GBX 428.59 and its 200-day simple moving average is GBX 388.86.

Insider Buying and Selling at Allianz Technology Trust

In other Allianz Technology Trust news, insider Lucy Costa purchased 7,180 shares of the firm's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of GBX 441 ($5.55) per share, with a total value of £31,663.80 ($39,853.74). 2.10% of the stock is currently owned by company insiders.

Allianz Technology Trust Company Profile

Allianz Technology Trust is managed by the highly experienced AllianzGI Global Technology team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world's key technology companies are headquartered. The Trust is a UK listed closed-end fund which aims to achieve long-term capital growth by investing principally in technology companies globally.