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

iShares U.S. Technology ETF (NYSEARCA:IYW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $212.17 and last traded at $210.50, with a volume of 185246 shares. The stock had previously closed at $210.43.

iShares U.S. Technology ETF Trading Down 1.2%

The company’s fifty day moving average is $191.62 and its 200-day moving average is $196.86. The firm has a market capitalization of $20.91 billion, a P/E ratio of 34.95 and a beta of 1.27.

Institutional Trading of iShares U.S. Technology ETF

Several large investors have recently modified their holdings of the company. Human Investing LLC boosted its holdings in shares of iShares U.S. Technology ETF by 2.7% during the 3rd quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 49 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of iShares U.S. Technology ETF by 0.7% during the 4th quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock worth $1,389,000 after buying an additional 50 shares during the period. Howard Capital Management Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock worth $1,058,000 after buying an additional 54 shares during the period. Occidental Asset Management LLC raised its stake in iShares U.S. Technology ETF by 1.2% during the 3rd quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock valued at $952,000 after purchasing an additional 56 shares during the last quarter. Finally, Greenleaf Trust raised its stake in iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Greenleaf Trust now owns 5,715 shares of the exchange traded fund’s stock valued at $1,119,000 after purchasing an additional 58 shares during the last quarter. 57.65% of the stock is owned by 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.