iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 12-Month High – Here’s What Happened

iShares U.S. Technology ETF (NYSEARCA:IYW) shares hit a new 52-week high on Tuesday . The stock traded as high as $245.29 and last traded at $245.01, with a volume of 68166 shares changing hands. The stock had previously closed at $241.77.

iShares U.S. Technology ETF Price Performance

The company has a market cap of $24.25 billion, a PE ratio of 34.95 and a beta of 1.33. The company has a fifty day moving average price of $208.45 and a 200 day moving average price of $201.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in shares of iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock worth $1,152,754,000 after purchasing an additional 186,297 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Technology ETF by 34.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after purchasing an additional 1,031,871 shares in the last quarter. UBS Group AG grew its holdings in shares of iShares U.S. Technology ETF by 4.0% during the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after purchasing an additional 72,485 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after purchasing an additional 97,389 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after purchasing an additional 27,056 shares in the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.

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.