Allianz Technology Trust (LON:ATT) Sets New 52-Week High – Here’s Why

Allianz Technology Trust (LON:ATTGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 553 and last traded at GBX 553, with a volume of 611982 shares trading hands. The stock had previously closed at GBX 543.

Allianz Technology Trust Trading Up 1.8%

The company has a market capitalization of £1.96 billion, a P/E ratio of 14.77 and a beta of 0.52. The firm’s 50 day moving average price is GBX 527.98 and its two-hundred day moving average price is GBX 499.13.

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. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.

The Trust invests in mid to large technology companies.

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