Fifth Third Securities Inc. Purchases New Position in iShares U.S. Technology ETF $IYW

Fifth Third Securities Inc. bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, HoldingsChannel reports. The institutional investor bought 73,971 shares of the exchange traded fund’s stock, valued at approximately $19,595,000. iShares U.S. Technology ETF accounts for approximately 1.0% of Fifth Third Securities Inc.’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new position in iShares U.S. Technology ETF during the second quarter valued at approximately $200,579,000. First Merchants Corp bought a new stake in iShares U.S. Technology ETF during the third quarter valued at approximately $42,477,000. Hsbc Holdings PLC grew its position in iShares U.S. Technology ETF by 10.3% during the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after buying an additional 91,338 shares during the period. Ashurst Perkins Coie Trust Co purchased a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth $14,840,000. Finally, Mechanics Bank Trust Department purchased a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth $13,887,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.6%

IYW traded up $4.00 during midday trading on Wednesday, reaching $257.34. The company had a trading volume of 141,437 shares, compared to its average volume of 1,067,533. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $274.44. The company has a market cap of $25.00 billion, a P/E ratio of 34.95 and a beta of 1.35. The business has a 50-day moving average of $257.01 and a two-hundred day moving average of $242.73.

About iShares U.S. Technology ETF

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.