iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $230.06 and traded as low as $223.86. iShares U.S. Technology ETF shares last traded at $224.13, with a volume of 2,834,279 shares trading hands.
iShares U.S. Technology ETF Stock Up 1.3%
The company has a fifty day simple moving average of $255.64 and a 200 day simple moving average of $230.22. The firm has a market capitalization of $22.37 billion, a P/E ratio of 34.95 and a beta of 1.37.
Institutional Trading of iShares U.S. Technology ETF
Several institutional investors have recently bought and sold shares of the company. Ibex Wealth Advisors increased its position in shares of iShares U.S. Technology ETF by 36.8% during the third quarter. Ibex Wealth Advisors now owns 8,525 shares of the exchange traded fund’s stock valued at $2,258,000 after acquiring an additional 2,291 shares in the last quarter. Condor Capital Management purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth approximately $3,391,000. Diversified Trust Co bought a new position in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $851,000. Moors & Cabot Inc. bought a new position in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $1,979,000. Finally, Valmark Advisers Inc. purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $7,251,000. 57.65% of the stock is owned by hedge funds and other institutional investors.
About iShares U.S. Technology ETF
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.
See Also
- Five stocks we like better than iShares U.S. Technology ETF
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for iShares U.S. Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
