iShares U.S. Technology ETF (NYSEARCA:IYW) Sets New 1-Year High – Should You Buy?

iShares U.S. Technology ETF (NYSEARCA:IYW) shares hit a new 52-week high during trading on Monday . The stock traded as high as $161.54 and last traded at $161.54, with a volume of 592477 shares changing hands. The stock had previously closed at $159.33.

iShares U.S. Technology ETF Trading Up 1.1 %

The stock has a 50-day moving average price of $155.20 and a two-hundred day moving average price of $149.39. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 38.84 and a beta of 1.43.

Institutional Investors Weigh In On iShares U.S. Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position in iShares U.S. Technology ETF by 29,435.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,190,156 shares of the exchange traded fund’s stock worth $483,691,000 after buying an additional 3,179,355 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of iShares U.S. Technology ETF by 173.9% during the second quarter. 1832 Asset Management L.P. now owns 1,022,598 shares of the exchange traded fund’s stock worth $153,901,000 after purchasing an additional 649,192 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in iShares U.S. Technology ETF by 4,550.8% during the third quarter. The Manufacturers Life Insurance Company now owns 553,450 shares of the exchange traded fund’s stock valued at $83,914,000 after purchasing an additional 541,550 shares during the period. Hsbc Holdings PLC grew its position in iShares U.S. Technology ETF by 1,170.2% during the 2nd quarter. Hsbc Holdings PLC now owns 572,587 shares of the exchange traded fund’s stock worth $86,174,000 after purchasing an additional 527,510 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $57,410,000.

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).