iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 12-Month Low – Time to Sell?

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) reached a new 52-week low on Friday . The stock traded as low as $124.25 and last traded at $126.97, with a volume of 484422 shares. The stock had previously closed at $133.02.

iShares U.S. Technology ETF Stock Down 6.4 %

The stock has a market capitalization of $15.53 billion, a P/E ratio of 31.74 and a beta of 1.22. The business has a fifty day moving average price of $152.70 and a 200-day moving average price of $156.19.

Institutional Trading of iShares U.S. Technology ETF

Institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group boosted its stake in shares of iShares U.S. Technology ETF by 84.3% in the 4th quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 91 shares during the last quarter. Headlands Technologies LLC purchased a new position in iShares U.S. Technology ETF in the fourth quarter worth about $40,000. SRS Capital Advisors Inc. boosted its position in iShares U.S. Technology ETF by 43.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 90 shares during the last quarter. Avion Wealth bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $47,000. Finally, Atala Financial Inc purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at about $52,000.

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).