The iShares U.S. Technology ETF (NYSEARCA:IYW) saw a significant increase in trading volume on Friday, with 1,282,181 shares exchanged, indicating a 128% increase from the previous session. This sudden uptick in trading volume suggests a growing investor interest in the company’s stocks. The iShares U.S. Technology ETF’s 50-day moving average price stands at $83.45, while its 200-day moving average price is $79.45. Several institutional investors and hedge funds have recently adjusted their holdings of the company. Envestnet Asset Management Inc. witnessed a significant increase in its holdings by 969.6% during the fourth quarter, owning a total of 10,835,414 shares worth $807,130,000. Morgan Stanley, LPL Financial LLC, UBS Group AG, and CWM LLC also saw growth in their holdings. The iShares U.S. Technology ETF, formerly known as the iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified fund seeking investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index. As a result, investors can access a broad range of technology stocks through this fund.
iShares U.S. Technology ETF (NYSEARCA:IYW) Witnesses Significant Increase in Trading Volume
The iShares U.S. Technology ETF (NYSEARCA:IYW) saw a surge in trading volume on Friday, with 1,282,181 shares exchanged, indicating a 128% increase from the previous session. This sudden uptick in trading volume suggests a growing investor interest in the company’s stocks.
iShares U.S. Technology ETF’s Stock Performance
The iShares U.S. Technology ETF’s 50-day moving average price stands at $83.45, while its 200-day moving average price is $79.45. Several institutional investors and hedge funds have recently adjusted their holdings of the company.
Envestnet Asset Management Inc. witnessed a significant increase in its holdings by 969.6% during the fourth quarter, acquiring an additional 9,822,344 shares and now holding a total of 10,835,414 shares worth $807,130,000. Morgan Stanley also grew its holdings by 22.7% during the same period, owning 5,989,447 shares worth $446,154,000 after acquiring an additional 1,109,984 shares. LPL Financial LLC saw a 125.6% growth in its holdings, now owning 3,159,062 shares worth $235,318,000 after acquiring an additional 1,758,542 shares during the period. UBS Group AG increased its holdings by 1.7% during the fourth quarter, acquiring an additional 31,684 shares and now owning 1,938,203 shares worth $144,377,000. Lastly, CWM LLC witnessed a massive increase of 8,387.7% in its holdings, owning 1,628,624 shares worth $121,316,000 after acquiring an additional 1,609,436 shares during the same period.
iShares U.S. Technology ETF Company Profile
The iShares U.S. Technology ETF, formerly known as the iShares Dow Jones U.S. Technology Sector Index Fund, is a non-diversified fund seeking investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index. As a result, investors can access a broad range of technology stocks through this fund.
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