IYW Stock Summary and Trading Ideas (iShares US Technology ETF | ARCA:IYW)

The iShares Dow Jones U.S. Technology Sector Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the largest public companies in the technology sector of the U.S. market as represented by the Dow Jones U.S. Technology Capped Index. IYW changed its index from the Dow Jones U.S. Technology Capped Index to the Russell 1000 Technology RIC 22.5/45 Capped Index.

iShares US Technology ETF trades on the ARCA stock market under the symbol IYW.

As of April 25, 2024, IYW stock price declined to $127.22 with 374,066 million shares trading.

IYW has a beta of 1.40, meaning it tends to be more sensitive to market movements. IYW has a correlation of 0.73 to the broad based SPY ETF.

IYW has a market cap of $15.68 billion. This is considered a Large Cap stock.

In the last 3 years, IYW stock traded as high as $137.54 and as low as $69.49.

IYW has outperformed the market in the last year with a return of +40.6%, while the SPY ETF gained +22.5%. However, in the most recent history, IYW shares have underperformed the stock market with its stock returning -2.1% in the last 3 month period and -4.7% for the last 2 week period, while SPY has returned +3.1% and -3.0%, respectively.

IYW support price is $126.99 and resistance is $130.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IYW stock will trade within this expected range on the day.