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 148 publicly listed companies in the technology sector.
The market capitalization of IYW is $2.73 billion, with an expense ratio of 0.45%. Its average daily volume of shares traded is $22.35 million. The price-to-earnings ratio of IYW is 19.89x, its price-to-book ratio is 4.25x, and its distribution yield 1.11%.
The top five holdings of this ETF and their weights are:
- Apple Inc. (AAPL): 18.79%
- Microsoft (MSFT): 11.58%
- Facebook Inc. Class A Shares (FB): 6.35%
- Alphabet Inc. Class A (GOOGL): 5.89%
- Alphabet Inc. Class C (GOOG): 5.80%
These holdings constitute over 45% of the total portfolio. Apple comprises 12.96% of the Power Shares QQQ ETF (QQQ).
Fund flows in IYW
In the trailing one-month period, net fund inflows for the iShares Dow Jones Technology Sector ETF (IYW) were $33.59 million. In the trailing 12-month (or TTM) period, net fund outflows were -$2.39 billion.
IYW’s fund flows in the trailing one-week and trailing three-month periods were -$0.04 million and -$20.30 million, respectively. Since October 15, 2015, IYW has traded consistently above its moving averages. Since then, the net fund inflows in the ETF has been $75.84 million.
IYW generated investor returns of 5.51% in the trailing 12-month period and 0.13% in the trailing one-month period. In comparison, it generated 17.57% returns in the trailing 3 year period 6.20% YTD (year to date) and 17.36% in the last 3 months. We can see that as the ETF generates positive returns as fund outflows increases.
On November 25, 2015, IYW closed the trading day at $109.97. Based on this figure, let’s see how the stock fared in terms of its moving averages:
- 5% above its 100-day moving average of $104.81
- 4% above its 50-day moving average of $105.73
- 1% above its 20-day moving average of $109.62
Relative Strength Index
IYW’s 14-day RSI (Relative Strength Index) is 57, which shows that the ETF is slightly overbought. 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.