iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Large Volume Increase

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) saw an uptick in trading volume on Wednesday . 477,589 shares changed hands during trading, a decline of 46% from the previous session’s volume of 880,217 shares.The stock last traded at $153.31 and had previously closed at $153.06.

iShares U.S. Technology ETF Stock Up 0.6 %

The company has a market cap of $18.92 billion, a P/E ratio of 38.84 and a beta of 1.43. The company’s 50-day moving average is $141.26 and its two-hundred day moving average is $133.70.

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

Several institutional investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC boosted its position in iShares U.S. Technology ETF by 10.2% during the fourth quarter. RFG Advisory LLC now owns 33,429 shares of the exchange traded fund’s stock worth $4,103,000 after purchasing an additional 3,095 shares during the period. Financial Gravity Asset Management Inc. boosted its position in iShares U.S. Technology ETF by 987.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 310,777 shares of the exchange traded fund’s stock worth $32,607,000 after purchasing an additional 282,186 shares during the period. Occidental Asset Management LLC boosted its position in iShares U.S. Technology ETF by 3.2% during the fourth quarter. Occidental Asset Management LLC now owns 5,709 shares of the exchange traded fund’s stock worth $701,000 after purchasing an additional 178 shares during the period. West Wealth Group LLC boosted its position in iShares U.S. Technology ETF by 27.5% during the fourth quarter. West Wealth Group LLC now owns 64,329 shares of the exchange traded fund’s stock worth $7,896,000 after purchasing an additional 13,881 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in iShares U.S. Technology ETF by 45.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,257,759 shares of the exchange traded fund’s stock worth $154,390,000 after purchasing an additional 393,079 shares during the period.

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).