iShares U.S. Technology ETF (NYSEARCA:IYW) Hits New 1-Year Low at $76.89

iShares U.S. Technology ETF (NYSEARCA:IYWGet Rating) shares reached a new 52-week low on Thursday . The company traded as low as $76.89 and last traded at $77.26, with a volume of 11078 shares traded. The stock had previously closed at $78.10.

iShares U.S. Technology ETF Trading Down 1.0 %

The stock has a fifty day moving average price of $86.44 and a two-hundred day moving average price of $88.81.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IYW. Private Trust Co. NA bought a new position in shares of iShares U.S. Technology ETF in the second quarter worth $282,000. B. Riley Wealth Management Inc. bought a new position in shares of iShares U.S. Technology ETF in the second quarter worth $732,000. Stock Yards Bank & Trust Co. increased its position in shares of iShares U.S. Technology ETF by 1.9% in the second quarter. Stock Yards Bank & Trust Co. now owns 16,479 shares of the exchange traded fund’s stock worth $1,317,000 after purchasing an additional 300 shares during the period. Salem Investment Counselors Inc. increased its position in shares of iShares U.S. Technology ETF by 56.7% in the second quarter. Salem Investment Counselors Inc. now owns 1,034 shares of the exchange traded fund’s stock worth $83,000 after purchasing an additional 374 shares during the period. Finally, First Republic Investment Management Inc. increased its position in shares of iShares U.S. Technology ETF by 0.6% in the second quarter. First Republic Investment Management Inc. now owns 63,335 shares of the exchange traded fund’s stock worth $5,064,000 after purchasing an additional 361 shares during the period.

About iShares U.S. Technology ETF

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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).

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