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

iShares U.S. Technology ETF (NYSEARCA:IYW)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $166.03 and last traded at $165.33, with a volume of 135413 shares traded. The stock had previously closed at $164.30.

iShares U.S. Technology ETF Stock Down 0.5 %

The company’s fifty day moving average price is $157.65 and its two-hundred day moving average price is $150.77. The firm has a market cap of $20.07 billion, a PE ratio of 38.84 and a beta of 1.43.

Institutional Trading of iShares U.S. Technology ETF

Institutional investors have recently modified their holdings of the business. Magnus Financial Group LLC grew its stake in shares of iShares U.S. Technology ETF by 0.6% during the 3rd quarter. Magnus Financial Group LLC now owns 11,845 shares of the exchange traded fund’s stock worth $1,796,000 after purchasing an additional 67 shares during the period. Marino Stram & Associates LLC boosted its stake in shares of iShares U.S. Technology ETF by 3.7% during the 3rd quarter. Marino Stram & Associates LLC now owns 1,902 shares of the exchange traded fund’s stock worth $288,000 after acquiring an additional 67 shares in the last quarter. Investment Advisory Group LLC grew its holdings in shares of iShares U.S. Technology ETF by 1.0% in the 3rd quarter. Investment Advisory Group LLC now owns 7,583 shares of the exchange traded fund’s stock worth $1,150,000 after acquiring an additional 73 shares during the period. Great Valley Advisor Group Inc. raised its holdings in iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 73 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in iShares U.S. Technology ETF by 0.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 13,484 shares of the exchange traded fund’s stock worth $2,029,000 after purchasing an additional 74 shares in the last quarter.

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).