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

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) reached a new 52-week high on Monday . The company traded as high as $161.54 and last traded at $161.54, with a volume of 592477 shares changing hands. The stock had previously closed at $159.33.

iShares U.S. Technology ETF Stock Up 1.1 %

The company has a 50 day simple moving average of $155.20 and a two-hundred day simple moving average of $149.39. The company has a market capitalization of $19.78 billion, a P/E ratio of 38.84 and a beta of 1.43.

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

Several hedge funds have recently bought and sold shares of IYW. Rosenberg Matthew Hamilton raised its holdings in shares of iShares U.S. Technology ETF by 133.8% in the second quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 95 shares in the last quarter. Central Bank & Trust Co. boosted its position in iShares U.S. Technology ETF by 343.6% during the second quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. Phillips Financial Management LLC grew its stake in iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 170 shares during the last quarter. Chris Bulman Inc purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $41,000. Finally, Activest Wealth Management bought a new position in iShares U.S. Technology ETF in the third quarter worth about $52,000.

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).