S&A Financial Services Inc. Invests $5.27 Million in iShares U.S. Technology ETF $IYW

S&A Financial Services Inc. acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 29,058 shares of the exchange traded fund’s stock, valued at approximately $5,272,000. iShares U.S. Technology ETF accounts for about 3.6% of S&A Financial Services Inc.’s portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Solutions Advisory Group Inc. bought a new stake in iShares U.S. Technology ETF during the first quarter valued at about $357,000. Asset Dedication LLC raised its stake in shares of iShares U.S. Technology ETF by 1.6% in the first quarter. Asset Dedication LLC now owns 4,187 shares of the exchange traded fund’s stock worth $760,000 after buying an additional 67 shares during the period. Blue Fin Capital Inc. raised its stake in shares of iShares U.S. Technology ETF by 3.3% in the first quarter. Blue Fin Capital Inc. now owns 2,524 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 81 shares during the period. GKV Capital Management Co. Inc. lifted its position in shares of iShares U.S. Technology ETF by 3.2% during the 1st quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 46 shares in the last quarter. Finally, BankChampaign National Association purchased a new position in shares of iShares U.S. Technology ETF during the 1st quarter valued at about $73,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA:IYW opened at $238.04 on Monday. The stock has a 50 day moving average of $245.27 and a 200 day moving average of $217.00. The company has a market cap of $23.58 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $261.01.

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.