iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Technology ETF (NYSEARCA:IYW) shares saw unusually-high trading volume on Wednesday . Approximately 539,948 shares traded hands during trading, a decline of 37% from the previous session’s volume of 853,847 shares.The stock last traded at $160.47 and had previously closed at $160.85.

iShares U.S. Technology ETF Stock Down 0.3 %

The stock has a 50 day moving average of $152.26 and a 200 day moving average of $147.22. The company has a market capitalization of $19.60 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

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

Several hedge funds and other institutional investors have recently modified their holdings of IYW. Rosenberg Matthew Hamilton lifted its holdings in iShares U.S. Technology ETF by 133.8% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 166 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 95 shares in the last quarter. Central Bank & Trust Co. increased its stake in iShares U.S. Technology ETF by 343.6% in the 2nd quarter. Central Bank & Trust Co. now owns 173 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 134 shares during the period. Phillips Financial Management LLC increased its stake in iShares U.S. Technology ETF by 1,545.5% in the 3rd quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the period. Chris Bulman Inc purchased a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $41,000. Finally, Activest Wealth Management bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $52,000.

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).