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

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) hit a new 52-week high on Tuesday . The company traded as high as $166.88 and last traded at $166.85, with a volume of 1893 shares trading hands. The stock had previously closed at $165.87.

iShares U.S. Technology ETF Price Performance

The business has a fifty day moving average price of $162.05 and a two-hundred day moving average price of $155.33. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in iShares U.S. Technology ETF by 29,435.7% during the third quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after acquiring an additional 3,179,355 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $256,146,000. LPL Financial LLC grew its holdings in iShares U.S. Technology ETF by 23.7% during the fourth quarter. LPL Financial LLC now owns 5,111,322 shares of the exchange traded fund’s stock worth $815,358,000 after acquiring an additional 977,883 shares during the period. Hsbc Holdings PLC grew its holdings in iShares U.S. Technology ETF by 682.9% during the fourth quarter. Hsbc Holdings PLC now owns 763,232 shares of the exchange traded fund’s stock worth $121,751,000 after acquiring an additional 665,749 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $90,236,000.

iShares U.S. Technology ETF Company Profile

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).