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

iShares U.S. Technology ETF (NYSEARCA:IYW) shares saw an uptick in trading volume on Tuesday . 634,099 shares changed hands during mid-day 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 Trading Up 1.4 %

The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. The company’s 50 day moving average is $157.23 and its 200-day moving average is $156.29.

Institutional Investors Weigh In On iShares U.S. Technology ETF

Hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in iShares U.S. Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares during the last quarter. Natixis Advisors LLC lifted its stake in iShares U.S. Technology ETF by 28.1% in the 3rd quarter. Natixis Advisors LLC now owns 16,136 shares of the exchange traded fund’s stock valued at $2,447,000 after purchasing an additional 3,539 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in iShares U.S. Technology ETF by 1.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 73 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in iShares U.S. Technology ETF by 81.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 245 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in iShares U.S. Technology ETF by 84.1% in the 3rd quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock valued at $7,522,000 after purchasing an additional 22,667 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).