iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $230.06 and traded as low as $223.86. iShares U.S. Technology ETF shares last traded at $224.13, with a volume of 2,834,279 shares trading hands.
iShares U.S. Technology ETF Trading Down 6.9%
The firm has a 50 day moving average price of $256.17 and a 200-day moving average price of $230.06. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37.
Institutional Investors Weigh In On iShares U.S. Technology ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Go Invest LLC purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth $30,000. Citizens National Bank Trust Department acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at about $31,000. WestEnd Advisors LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $31,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $36,000. Finally, Tompkins Financial Corp purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors 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.
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