Overview of IYW
The iShares US Technology 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. IYW’s market capitalization is $2.41 billion with an expense ratio of 0.45% and average daily volume of shares traded at $26.24 million. IYW’s price-to-earnings ratio is 17.89x. Its price-to-boook and distribution yield are 4.01x and 0.91%, respectively.
IYW’s top five holdings include Apple (AAPL) at 19.59%, Microsoft (MSFT) at 10.87%, Facebook Class A Shares (FB) at 5.69%, Google Class A (GOOGL) at 5.46%, and Google Class C (GOOG) at 5.20%. These companies comprise more than 45% of the total portfolio.
Fund flows in IYW
In the trailing one month, IYW’s fund outflows were $90.77 million. In the trailing 12-month (or TTM) period, IYW’s net fund outflows were $1.65 billion. Fund flows in the trailing one week and trailing three months were -$24.98 million and -$511.31 million, respectively.
Since June 26, 2015, IYW is trading consistently below its moving averages. Since then, IYW’s net fund outflows have been in excess of $500 million.
IYW generated investor returns of -0.56% in the trailing 12-month period and 5.85% in the trailing one-month period. In comparison, it generated 10.42% in returns in the trailing three-year period, -3.35% year-to-date, and -7.26% in the last three months. We can see that as the ETF generates negative returns, fund outflows increase.
On September 25, 2015, IYW closed the trading day at $99.69. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 5.51% below its 100-day moving average of $105.51
- 3.46% below its 50-day moving average of $103.27
- 0.91% below its 20-day moving average of $100.61
Relative Strength Index
IYW’s 14-day RSI (Relative Strength Index) is 44.31, 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.