iShares U.S. Technology ETF (NYSEARCA:IYW) Sets New 52-Week High – Here’s Why

iShares U.S. Technology ETF (NYSEARCA:IYW)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $166.83 and last traded at $166.00, with a volume of 41799 shares. The stock had previously closed at $166.22.

iShares U.S. Technology ETF Price Performance

The business has a fifty day moving average of $161.42 and a 200-day moving average of $153.68. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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

Institutional investors have recently bought and sold shares of the stock. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Brooklyn Investment Group increased its stake in iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Activest Wealth Management purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $52,000. China Universal Asset Management Co. Ltd. increased its stake in iShares U.S. Technology ETF by 37,900.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 380 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 379 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth about $63,000.

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).