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

iShares U.S. Technology ETF (NYSEARCA:IYW) shares reached a new 52-week high on Friday . The company traded as high as $166.83 and last traded at $166.00, with a volume of 41799 shares traded. The stock had previously closed at $166.22.

iShares U.S. Technology ETF Trading Down 0.9 %

The firm has a market cap of $20.23 billion, a P/E ratio of 38.84 and a beta of 1.43. The company’s 50-day moving average is $161.61 and its two-hundred day moving average is $153.71.

Hedge Funds Weigh In On iShares U.S. Technology ETF

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased 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 buying an additional 3,179,355 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings 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. Sanctuary Advisors LLC purchased a new stake in iShares U.S. Technology ETF in the second quarter worth $57,410,000. HighTower Advisors LLC raised its stake in shares of iShares U.S. Technology ETF by 55.1% in the third quarter. HighTower Advisors LLC now owns 360,435 shares of the exchange traded fund’s stock valued at $54,626,000 after buying an additional 128,052 shares during the period. Finally, LPL Financial LLC lifted its position in shares of iShares U.S. Technology ETF by 3.0% during the 3rd quarter. LPL Financial LLC now owns 4,133,439 shares of the exchange traded fund’s stock valued at $626,712,000 after buying an additional 120,614 shares during the last quarter.

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).