iShares U.S. Technology ETF (NYSEARCA:IYW) Reaches New 52-Week High – What’s Next?

iShares U.S. Technology ETF (NYSEARCA:IYW)’s share price reached a new 52-week high on Monday . The company traded as high as $261.22 and last traded at $261.5920, with a volume of 119417 shares traded. The stock had previously closed at $256.87.

iShares U.S. Technology ETF Stock Performance

The company has a 50 day moving average of $247.70 and a 200 day moving average of $230.70. The stock has a market capitalization of $26.00 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GKV Capital Management Co. Inc. increased its holdings in iShares U.S. Technology ETF by 3.2% in the first quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 46 shares in the last quarter. Tactive Advisors LLC boosted its stake in iShares U.S. Technology ETF by 1.2% in the 2nd quarter. Tactive Advisors LLC now owns 5,133 shares of the exchange traded fund’s stock worth $1,295,000 after buying an additional 60 shares during the last quarter. Americana Partners LLC raised its stake in iShares U.S. Technology ETF by 3.0% during the fourth quarter. Americana Partners LLC now owns 2,111 shares of the exchange traded fund’s stock worth $422,000 after purchasing an additional 62 shares during the period. Catalina Capital Group LLC lifted its stake in shares of iShares U.S. Technology ETF by 0.7% in the 1st quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock valued at $1,601,000 after purchasing an additional 63 shares in the last quarter. Finally, Intrua Financial LLC boosted its position in iShares U.S. Technology ETF by 2.0% during the 1st quarter. Intrua Financial LLC now owns 3,365 shares of the exchange traded fund’s stock worth $610,000 after purchasing an additional 65 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

About iShares U.S. Technology ETF

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.