iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Strong Trading Volume

iShares U.S. Technology ETF (NYSEARCA:IYW – Get Rating) saw an uptick in trading volume on Friday . 1,282,181 shares were traded during trading, an increase of 128% from the previous session’s volume of 562,111 shares.The stock last traded at $88.14 and had previously closed at $88.54.

iShares U.S. Technology ETF Stock Performance

The business has a 50 day moving average price of $83.45 and a 200-day moving average price of $79.45.

Institutional Investors Weigh In On iShares U.S. Technology ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Technology ETF by 969.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,835,414 shares of the exchange traded fund’s stock worth $807,130,000 after acquiring an additional 9,822,344 shares during the period. Morgan Stanley grew its holdings in shares of iShares U.S. Technology ETF by 22.7% in the 4th quarter. Morgan Stanley now owns 5,989,447 shares of the exchange traded fund’s stock worth $446,154,000 after acquiring an additional 1,109,984 shares during the period. LPL Financial LLC grew its holdings in shares of iShares U.S. Technology ETF by 125.6% in the 4th quarter. LPL Financial LLC now owns 3,159,062 shares of the exchange traded fund’s stock worth $235,318,000 after acquiring an additional 1,758,542 shares during the period. UBS Group AG grew its holdings in iShares U.S. Technology ETF by 1.7% during the 4th quarter. UBS Group AG now owns 1,938,203 shares of the exchange traded fund’s stock valued at $144,377,000 after buying an additional 31,684 shares during the last quarter. Finally, CWM LLC grew its holdings in iShares U.S. Technology ETF by 8,387.7% during the 4th quarter. CWM LLC now owns 1,628,624 shares of the exchange traded fund’s stock valued at $121,316,000 after buying an additional 1,609,436 shares during the last quarter.

iShares U.S. Technology ETF Company Profile

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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).