iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 1-Year High – Here’s Why

iShares U.S. Technology ETF (NYSEARCA:IYW)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $166.88 and last traded at $166.85, with a volume of 1893 shares. The stock had previously closed at $165.87.

iShares U.S. Technology ETF Stock Performance

The stock has a market cap of $20.38 billion, a PE ratio of 38.84 and a beta of 1.43. The business has a 50 day moving average price of $162.08 and a two-hundred day moving average price of $155.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in shares of iShares U.S. Technology ETF by 23.7% in the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock valued at $815,358,000 after buying an additional 977,883 shares during the period. Bank of America Corp DE raised its stake in iShares U.S. Technology ETF by 0.6% in the 4th quarter. Bank of America Corp DE now owns 4,297,527 shares of the exchange traded fund’s stock valued at $685,541,000 after acquiring an additional 26,427 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Technology ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,420,965 shares of the exchange traded fund’s stock valued at $545,713,000 after purchasing an additional 314,689 shares during the last quarter. International Assets Investment Management LLC boosted its position in iShares U.S. Technology ETF by 29,435.7% during the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after purchasing an additional 3,179,355 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth about $256,146,000.

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).