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

iShares U.S. Technology ETF (NYSEARCA:IYW) shares hit a new 52-week high during trading on Monday . The company traded as high as $194.66 and last traded at $195.15, with a volume of 232737 shares trading hands. The stock had previously closed at $194.25.

iShares U.S. Technology ETF Stock Performance

The business’s 50-day moving average price is $182.59 and its 200 day moving average price is $162.79. The company has a market cap of $24.59 billion, a P/E ratio of 34.95 and a beta of 1.15.

Institutional Trading of iShares U.S. Technology ETF

A number of hedge funds have recently modified their holdings of the stock. Bell Investment Advisors Inc acquired a new stake in iShares U.S. Technology ETF in the 2nd quarter worth about $25,000. Hoey Investments Inc. bought a new position in iShares U.S. Technology ETF in the 1st quarter valued at about $27,000. Harbor Asset Planning Inc. bought a new position in iShares U.S. Technology ETF in the 2nd quarter valued at about $27,000. Bogart Wealth LLC increased its holdings in iShares U.S. Technology ETF by 189.3% in the 2nd quarter. Bogart Wealth LLC now owns 162 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 106 shares during the period. Finally, Trust Co. of Vermont bought a new position in iShares U.S. Technology ETF in the 1st quarter valued at about $30,000. 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).