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

iShares U.S. Technology ETF (NYSEARCA:IYW)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $212.17 and last traded at $210.50, with a volume of 185246 shares. The stock had previously closed at $210.43.

iShares U.S. Technology ETF Stock Down 0.4%

The company has a market cap of $20.35 billion, a P/E ratio of 34.95 and a beta of 1.27. The firm has a 50 day moving average of $190.97 and a 200-day moving average of $196.66.

Institutional Trading of iShares U.S. Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morton Brown Family Wealth LLC bought a new stake in iShares U.S. Technology ETF during the 1st quarter valued at $82,000. Dagco Inc. boosted its position in shares of iShares U.S. Technology ETF by 3.9% in the 1st quarter. Dagco Inc. now owns 6,112 shares of the exchange traded fund’s stock worth $1,109,000 after purchasing an additional 229 shares in the last quarter. Chatterton & Associates Inc. raised its stake in iShares U.S. Technology ETF by 36.2% in the 1st quarter. Chatterton & Associates Inc. now owns 1,501 shares of the exchange traded fund’s stock worth $291,000 after acquiring an additional 399 shares during the last quarter. Cardinal Point Capital Management ULC purchased a new position in iShares U.S. Technology ETF in the 1st quarter worth $880,000. Finally, Apella Capital LLC raised its stake in iShares U.S. Technology ETF by 1.0% in the 1st quarter. Apella Capital LLC now owns 10,758 shares of the exchange traded fund’s stock worth $1,952,000 after acquiring an additional 102 shares during the last quarter. 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.