iShares U.S. Technology ETF (NYSEARCA:IYW) Sets New 12-Month High – Should You Buy?

iShares U.S. Technology ETF (NYSEARCA:IYW)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $218.05 and last traded at $218.05, with a volume of 3377 shares trading hands. The stock had previously closed at $217.17.

iShares U.S. Technology ETF Stock Down 1.4%

The company’s 50 day simple moving average is $193.63 and its two-hundred day simple moving average is $197.34. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 34.95 and a beta of 1.27.

Institutional Trading of iShares U.S. Technology ETF

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in iShares U.S. Technology ETF by 99.1% during the 3rd quarter. Principal Financial Group Inc. now owns 107,427 shares of the exchange traded fund’s stock valued at $21,041,000 after purchasing an additional 53,466 shares in the last quarter. Compound Planning Inc. lifted its stake in shares of iShares U.S. Technology ETF by 10.7% during the third quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after buying an additional 13,045 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 32.2% during the third quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock worth $2,319,000 after buying an additional 2,882 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $1,093,000. Finally, HB Wealth Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 48.2% during the third quarter. HB Wealth Management LLC now owns 16,713 shares of the exchange traded fund’s stock worth $3,274,000 after buying an additional 5,439 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

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). 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.