iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $230.06 and traded as low as $223.86. iShares U.S. Technology ETF shares last traded at $224.13, with a volume of 2,834,279 shares changing hands.
iShares U.S. Technology ETF Stock Down 6.9%
The company has a market cap of $21.96 billion, a PE ratio of 34.95 and a beta of 1.37. The business’s 50 day moving average price is $256.17 and its 200-day moving average price is $230.06.
Institutional Trading of iShares U.S. Technology ETF
Large investors have recently modified their holdings of the business. CENTRAL TRUST Co acquired a new position in shares of iShares U.S. Technology ETF in the third quarter worth about $308,000. King Luther Capital Management Corp acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $724,000. UNIVEST FINANCIAL Corp acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $1,201,000. Granville Capital Inc. acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $1,419,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at approximately $4,805,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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