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

iShares U.S. Technology ETF (NYSEARCA:IYWGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $261.22 and last traded at $261.5920, with a volume of 119417 shares trading hands. The stock had previously closed at $256.87.

iShares U.S. Technology ETF Price Performance

The stock’s fifty day simple moving average is $247.70 and its 200-day simple moving average is $230.70. The stock has a market cap of $26.00 billion, a P/E ratio of 34.95 and a beta of 1.36.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the period. Allen Investment Management LLC boosted its position in iShares U.S. Technology ETF by 94.1% during the 4th quarter. Allen Investment Management LLC now owns 10,606 shares of the exchange traded fund’s stock worth $2,118,000 after acquiring an additional 5,142 shares during the period. Goodman Advisory Group LLC acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at $510,000. CrossGen Wealth LLC acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at $880,000. Finally, Swmg LLC raised its stake in shares of iShares U.S. Technology ETF by 45.2% during the fourth quarter. Swmg LLC now owns 29,590 shares of the exchange traded fund’s stock valued at $5,725,000 after purchasing an additional 9,211 shares in the last quarter. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Company Profile

(Get Free Report)

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.

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