iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Strong Trading Volume – Here’s Why

iShares U.S. Technology ETF (NYSEARCA:IYWGet Free Report) shares saw strong trading volume on Wednesday . 539,948 shares were traded during trading, a decline of 37% from the previous session’s volume of 853,847 shares.The stock last traded at $160.47 and had previously closed at $160.85.

iShares U.S. Technology ETF Trading Up 0.2 %

The business has a fifty day simple moving average of $151.51 and a 200 day simple moving average of $147.04. The stock has a market capitalization of $19.80 billion, a P/E ratio of 38.84 and a beta of 1.43.

Hedge Funds Weigh In On iShares U.S. Technology ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in shares of iShares U.S. Technology ETF by 1.2% in the first quarter. Oppenheimer & Co. Inc. now owns 7,281 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 85 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of iShares U.S. Technology ETF during the first quarter valued at about $221,000. SageView Advisory Group LLC bought a new stake in shares of iShares U.S. Technology ETF in the first quarter worth about $8,534,000. Planning Directions Inc. bought a new stake in shares of iShares U.S. Technology ETF in the first quarter worth about $250,000. Finally, Kingsview Wealth Management LLC grew its stake in shares of iShares U.S. Technology ETF by 67.4% in the first quarter. Kingsview Wealth Management LLC now owns 3,152 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 1,269 shares during the last quarter.

About iShares U.S. Technology ETF

(Get Free Report)

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).

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