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

iShares U.S. Technology ETF (NYSEARCA:IYW) shares saw unusually-strong trading volume on Friday . Approximately 5,157,551 shares changed hands during mid-day trading, an increase of 237% from the previous session’s volume of 1,530,084 shares.The stock last traded at $187.07 and had previously closed at $189.04.

iShares U.S. Technology ETF Price Performance

The stock has a market cap of $19.59 billion, a P/E ratio of 34.95 and a beta of 1.23. The stock’s 50 day simple moving average is $195.60 and its two-hundred day simple moving average is $196.22.

Institutional Trading of iShares U.S. Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYW. AQR Capital Management LLC raised its position in iShares U.S. Technology ETF by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 3,699 shares during the last quarter. Allworth Financial LP boosted its position in iShares U.S. Technology ETF by 18.4% during the 2nd quarter. Allworth Financial LP now owns 9,609 shares of the exchange traded fund’s stock worth $1,665,000 after acquiring an additional 1,496 shares during the last quarter. Ironwood Investment Counsel LLC acquired a new position in iShares U.S. Technology ETF during the 2nd quarter worth approximately $233,000. Bailard Inc. boosted its position in iShares U.S. Technology ETF by 34.2% during the 2nd quarter. Bailard Inc. now owns 2,356 shares of the exchange traded fund’s stock worth $408,000 after acquiring an additional 600 shares during the last quarter. Finally, Good Life Advisors LLC acquired a new position in iShares U.S. Technology ETF during the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

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). 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.