iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 12-Month High – Here’s What Happened

iShares U.S. Technology ETF (NYSEARCA:IYW) hit a new 52-week high during trading on Tuesday . The stock traded as high as $245.29 and last traded at $245.01, with a volume of 68166 shares traded. The stock had previously closed at $241.77.

iShares U.S. Technology ETF Price Performance

The company has a market cap of $24.25 billion, a PE ratio of 34.95 and a beta of 1.33. The company has a fifty day moving average price of $208.45 and a 200 day moving average price of $201.26.

Institutional Trading of iShares U.S. Technology ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Monetary Solutions Ltd purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in iShares U.S. Technology ETF in the third quarter worth approximately $28,000. Miller Capital Partners Inc. purchased a new stake in iShares U.S. Technology ETF in the fourth quarter worth approximately $28,000. Finally, Hantz Financial Services Inc. purchased a new stake in iShares U.S. Technology ETF in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.