iShares U.S. Technology ETF (NYSEARCA:IYW) Stock Price Cross Above 200-Day Moving Average – Here’s What Happened

iShares U.S. Technology ETF (NYSEARCA:IYW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $222.75 and traded as high as $245.94. iShares U.S. Technology ETF shares last traded at $244.11, with a volume of 473,850 shares trading hands.

iShares U.S. Technology ETF Price Performance

The company has a market capitalization of $24.42 billion, a PE ratio of 34.95 and a beta of 1.36. The company’s fifty day moving average is $245.97 and its 200-day moving average is $223.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IYW. Ameritas Advisory Services LLC raised its position in shares of iShares U.S. Technology ETF by 19.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 28,600 shares of the exchange traded fund’s stock worth $7,214,000 after acquiring an additional 4,707 shares in the last quarter. Unique Wealth LLC boosted its position in iShares U.S. Technology ETF by 1.9% during the second quarter. Unique Wealth LLC now owns 7,741 shares of the exchange traded fund’s stock valued at $1,953,000 after purchasing an additional 145 shares in the last quarter. Rose Capital Advisors LLC purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $373,000. Schuylkill Financial LLC purchased a new position in iShares U.S. Technology ETF in the second quarter valued at about $989,000. Finally, Compass Financial Management LLC bought a new position in iShares U.S. Technology ETF in the second quarter worth about $248,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

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.