iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $257.00 and traded as high as $258.23. iShares U.S. Technology ETF shares last traded at $257.58, with a volume of 851,156 shares trading hands.
iShares U.S. Technology ETF Price Performance
The firm has a market cap of $25.06 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm’s 50 day moving average price is $257.00 and its two-hundred day moving average price is $228.90.
Hedge Funds Weigh In On iShares U.S. Technology ETF
Institutional investors have recently added to or reduced their stakes in the stock. Go Invest LLC purchased a new position in iShares U.S. Technology ETF in the third quarter valued at about $30,000. Citizens National Bank Trust Department acquired a new stake in shares of iShares U.S. Technology ETF during the 1st quarter valued at approximately $31,000. WestEnd Advisors LLC acquired a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at approximately $31,000. Tompkins Financial Corp acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $40,000. Finally, Bangor Savings Bank acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $42,000. 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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