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Allianz Technology Trust (LON:ATT) Sets New 12-Month High - Still a Buy?

Allianz Technology Trust logo with Financial Services background
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Allianz Technology Trust (LON:ATT - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 344.20 ($4.45) and last traded at GBX 387.50 ($5.01), with a volume of 1902746 shares trading hands. The stock had previously closed at GBX 379 ($4.90).

Allianz Technology Trust Stock Down 2.2 %

The company's fifty day moving average is GBX 428.79 and its two-hundred day moving average is GBX 394.71. The stock has a market cap of £1.45 billion, a price-to-earnings ratio of 2.88 and a beta of 0.52.

Insider Activity at Allianz Technology Trust

In related news, insider Lucy Costa purchased 7,180 shares of the company's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of GBX 441 ($5.70) per share, for a total transaction of £31,663.80 ($40,925.16). 2.10% of the stock is owned by corporate insiders.

About Allianz Technology Trust

(Get Free Report)

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.

Further Reading

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