Overview of IYW
The iShares Dow Jones Technology Sector ETF (IYW) tracks a market cap–weighted portfolio of US technology companies. This ETF tracks the performance of 137 publicly listed companies in the technology sector. The market capitalization of IYW is $2.46 billion with an expense ratio of 0.45%. The average daily volume of shares traded is $27.49 million.
The top five holdings of the ETF include:
- Apple Inc. (AAPL): 19.59%
- Microsoft (MSFT): 10.87%
- Facebook Inc. Class A Shares (FB): 5.69%
- Google Inc. Class A (GOOGL): 5.46%
- Google Inc. Class C (GOOG): 5.20%
These five stocks that comprise over 45% of the total portfolio.
Fund flows in IYW
In the trailing one-month period, fund outflows for the iShares Dow Jones Technology Sector ETF (IYW) were $143.14 million. In the trailing 12-month (or TTM) period, net fund outflows stand at $1.595 billion. Fund flows in the trailing one-week and trailing three-month (quarterly) periods for IYW are -$46.08 million and -$475.48 million, respectively. Since June 26, 2015, IYW is trading consistently below its moving averages and since then, net fund outflows in the ETF were $486.32 million.
IYW generated investor returns of -0.78% in the trailing 12-month period and -4.80% in the trailing one-month period. In comparison, it generated 10.17% returns in the trailing three-year period, -2.79% year-to-date, and -7.17% in the last three months. We can see that as the ETF generates negative returns, the fund outflows increase.
On September 18, 2015, IYW closed the trading day at $100.98. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 64% below its 100-day moving average of $105.90
- 76% below its 50-day moving average of $103.85
- 12% above its 20-day moving average of $99.85
Relative strength index
IYW’s 14-day RSI (relative strength index) is 47.69, which shows that the stock is slightly oversold. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.