iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $257.00 and traded as high as $258.23. iShares U.S. Technology ETF shares last traded at $257.58, with a volume of 851,156 shares.
iShares U.S. Technology ETF Trading Down 4.3%
The company has a market capitalization of $23.61 billion, a PE ratio of 34.95 and a beta of 1.35. The business’s fifty day moving average is $257.04 and its two-hundred day moving average is $229.36.
Institutional Investors Weigh In On iShares U.S. Technology ETF
Several institutional investors have recently modified their holdings of IYW. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Technology ETF during the 2nd quarter worth approximately $200,579,000. First Heartland Consultants Inc. purchased a new position in iShares U.S. Technology ETF during the third quarter valued at approximately $7,194,000. True North Advisors LLC purchased a new position in iShares U.S. Technology ETF during the first quarter valued at approximately $439,000. Three Seasons Wealth LLC boosted its position in shares of iShares U.S. Technology ETF by 2,412.9% in the second quarter. Three Seasons Wealth LLC now owns 42,945 shares of the exchange traded fund’s stock worth $10,832,000 after purchasing an additional 41,236 shares during the period. Finally, RVW Wealth LLC boosted its position in shares of iShares U.S. Technology ETF by 16.8% in the third quarter. RVW Wealth LLC now owns 104,891 shares of the exchange traded fund’s stock worth $27,786,000 after purchasing an additional 15,114 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.
iShares U.S. Technology ETF Company Profile
iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.
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