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

iShares U.S. Technology ETF (NYSEARCA:IYW – Get Rating) shares saw an uptick in trading volume on Friday . 1,282,181 shares were traded during mid-day 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 Down 0.2 %

The stock has a 50 day moving average of $83.45 and a 200 day moving average of $79.45.

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

A number of hedge funds have recently bought and sold shares of IYW. Gradient Investments LLC grew its stake in iShares U.S. Technology ETF by 2,333.3% in the fourth quarter. Gradient Investments LLC now owns 365 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Absolute Capital Management LLC acquired a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $28,000. EdgeRock Capital LLC acquired a new position in iShares U.S. Technology ETF in the third quarter valued at approximately $32,000. Adirondack Trust Co. acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at approximately $34,000. Finally, Fortis Advisors LLC acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at approximately $34,000.

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).