iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares U.S. Technology ETF (NYSEARCA:IYW) saw unusually-high trading volume on Monday . Approximately 1,053,145 shares were traded during trading, an increase of 27% from the previous session’s volume of 827,610 shares.The stock last traded at $142.55 and had previously closed at $149.09.

iShares U.S. Technology ETF Stock Down 0.2 %

The business’s 50 day simple moving average is $159.21 and its two-hundred day simple moving average is $156.46. The stock has a market cap of $17.86 billion, a P/E ratio of 35.73 and a beta of 1.14.

Institutional Trading of iShares U.S. Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IYW. Phillips Financial Management LLC grew its stake in shares of iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of iShares U.S. Technology ETF by 84.3% during the fourth quarter. Brooklyn Investment Group now owns 199 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 91 shares during the period. Headlands Technologies LLC acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $40,000. Avion Wealth acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth about $47,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of iShares U.S. Technology ETF by 43.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 296 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 90 shares during the last quarter.

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).