iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Strong Trading Volume – What’s Next?

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) saw unusually-high trading volume on Tuesday . Approximately 634,099 shares were traded during trading, a decline of 22% from the previous session’s volume of 816,572 shares.The stock last traded at $144.36 and had previously closed at $146.70.

iShares U.S. Technology ETF Stock Performance

The stock has a fifty day simple moving average of $157.23 and a 200-day simple moving average of $156.29. The stock has a market cap of $18.24 billion, a P/E ratio of 33.00 and a beta of 1.16.

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

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $256,146,000. LPL Financial LLC boosted its stake in shares of iShares U.S. Technology ETF by 23.7% during the 4th quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after buying an additional 977,883 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of iShares U.S. Technology ETF by 682.9% during the 4th quarter. Hsbc Holdings PLC now owns 763,232 shares of the exchange traded fund’s stock worth $121,751,000 after buying an additional 665,749 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $90,236,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Technology ETF by 4,550.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock worth $83,914,000 after buying an additional 541,550 shares during the last quarter.

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).