The iShares U.S. Technology ETF (IYW) reported a notable week-over-week outflow of approximately $202.9 million, a decrease of 1.0%, reducing shares outstanding from 103,200,000 to 102,150,000. This decline comes in the context of its most recent trading performance, with Amphenol Corp. (APH) down 1.8%, Corning Inc. (GLW) up 0.3%, and Palo Alto Networks, Inc. (PANW) down 1.5%.
IYW’s 52-week range shows a low of $117.55 and a high of $211.98, with the latest trade at $190.57. The current price is being evaluated against its 200-day moving average, adding valuable insight for technical analysis.
Investors should note that ETFs trade like stocks with equivalent units being created or destroyed based on demand, affecting the underlying holdings which may impact the individual components within the ETF.
