iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Technology ETF (NYSEARCA:IYW) shares saw unusually-strong trading volume on Monday . Approximately 1,053,145 shares changed hands during trading, an increase of 27% from the previous session’s volume of 827,610 shares.The stock last traded at $142.55 and had previously closed at $149.09.

iShares U.S. Technology ETF Trading Down 0.2 %

The company has a 50 day moving average of $159.21 and a 200 day moving average of $156.46. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 35.73 and a beta of 1.14.

Institutional Trading of iShares U.S. Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYW. Mainstream Capital Management LLC grew its holdings in shares of iShares U.S. Technology ETF by 1.3% in the 4th quarter. Mainstream Capital Management LLC now owns 4,945 shares of the exchange traded fund’s stock valued at $789,000 after acquiring an additional 63 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of iShares U.S. Technology ETF by 1.9% during the third quarter. Great Valley Advisor Group Inc. now owns 3,963 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 73 shares during the period. XML Financial LLC raised its position in shares of iShares U.S. Technology ETF by 1.7% in the fourth quarter. XML Financial LLC now owns 4,396 shares of the exchange traded fund’s stock valued at $701,000 after buying an additional 73 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of iShares U.S. Technology ETF by 1.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 7,402 shares of the exchange traded fund’s stock valued at $1,180,000 after buying an additional 79 shares in the last quarter. Finally, Planning Directions Inc. raised its position in shares of iShares U.S. Technology ETF by 4.3% in the third quarter. Planning Directions Inc. now owns 1,945 shares of the exchange traded fund’s stock valued at $295,000 after buying an additional 81 shares in the last quarter.

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).