iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Technology ETF (NYSEARCA:IYW)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $166.83 and last traded at $166.00, with a volume of 41799 shares trading hands. The stock had previously closed at $166.22.

iShares U.S. Technology ETF Stock Performance

The stock has a market cap of $20.23 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43. The business has a 50-day simple moving average of $161.61 and a two-hundred day simple moving average of $153.71.

Institutional Trading of iShares U.S. Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Phillips Financial Management LLC increased its position in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 170 shares in the last quarter. Brooklyn Investment Group raised its position in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares during the period. Activest Wealth Management bought a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth $52,000. China Universal Asset Management Co. Ltd. lifted its holdings in shares of iShares U.S. Technology ETF by 37,900.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 379 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at $63,000.

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).