iShares U.S. Technology ETF (NYSEARCA:IYW) Sets New 1-Year High – Time to Buy?

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) reached a new 52-week high during mid-day 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 Trading Down 0.0 %

The stock’s 50-day moving average is $157.91 and its 200-day moving average is $150.98. The firm has a market capitalization of $20.18 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

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in iShares U.S. Technology ETF by 29,435.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock valued at $483,691,000 after acquiring an additional 3,179,355 shares during the period. 1832 Asset Management L.P. increased its position in iShares U.S. Technology ETF by 173.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock valued at $153,901,000 after acquiring an additional 649,192 shares during the period. The Manufacturers Life Insurance Company increased its position in iShares U.S. Technology ETF by 4,550.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after acquiring an additional 541,550 shares during the period. Hsbc Holdings PLC increased its position in iShares U.S. Technology ETF by 1,170.2% in the 2nd quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock valued at $86,174,000 after acquiring an additional 527,510 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in iShares U.S. Technology ETF in the 2nd quarter valued at approximately $57,410,000.

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).