iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $239.94 and last traded at $239.78, with a volume of 197663 shares changing hands. The stock had previously closed at $238.64.
iShares U.S. Technology ETF Trading Down 1.2%
The company has a market cap of $23.32 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33. The business has a fifty day moving average price of $199.66 and a two-hundred day moving average price of $199.17.
Hedge Funds Weigh In On iShares U.S. Technology ETF
Large investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 3,699 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of iShares U.S. Technology ETF by 9.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 98 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at approximately $222,000. Main Street Financial Solutions LLC grew its stake in shares of iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 1,394 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.
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.
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