2,613 Shares in iShares U.S. Technology ETF $IYW Bought by Scarborough Advisors LLC

Scarborough Advisors LLC purchased a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,613 shares of the exchange traded fund’s stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYW. True North Advisors LLC bought a new position in iShares U.S. Technology ETF in the 1st quarter worth approximately $439,000. World Equity Group Inc. lifted its stake in iShares U.S. Technology ETF by 14.6% in the 1st quarter. World Equity Group Inc. now owns 3,269 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 417 shares in the last quarter. WealthTrust Asset Management LLC boosted its holdings in iShares U.S. Technology ETF by 27.1% in the 1st quarter. WealthTrust Asset Management LLC now owns 1,331 shares of the exchange traded fund’s stock valued at $241,000 after purchasing an additional 284 shares during the period. Assetmark Inc. boosted its holdings in iShares U.S. Technology ETF by 19.9% in the 1st quarter. Assetmark Inc. now owns 149,687 shares of the exchange traded fund’s stock valued at $27,156,000 after purchasing an additional 24,859 shares during the period. Finally, Main Street Group LTD grew its position in shares of iShares U.S. Technology ETF by 101.7% during the 1st quarter. Main Street Group LTD now owns 2,899 shares of the exchange traded fund’s stock valued at $526,000 after purchasing an additional 1,462 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $239.24 on Monday. The stock has a market cap of $24.06 billion, a P/E ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01. The firm’s fifty day moving average price is $245.67 and its 200-day moving average price is $214.46.

iShares U.S. Technology ETF Company Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.