iShares U.S. Technology ETF (NYSEARCA:IYW) Hits New 52-Week High – What’s Next?

iShares U.S. Technology ETF (NYSEARCA:IYW)’s share price reached a new 52-week high on Monday . The stock traded as high as $239.94 and last traded at $239.78, with a volume of 197663 shares changing hands. The stock had previously closed at $238.64.

iShares U.S. Technology ETF Trading Up 0.5%

The company’s fifty day moving average is $196.92 and its two-hundred day moving average is $198.33. The stock has a market cap of $23.59 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

Institutional Trading of iShares U.S. Technology ETF

A number of large investors have recently modified their holdings of IYW. Monetary Solutions Ltd purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $26,000. Triumph Capital Management purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $28,000. Miller Capital Partners Inc. purchased a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $28,000. Finally, Bangor Savings Bank purchased a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $31,000. Hedge funds and other 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.