Commonwealth Equity Services LLC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 566,841 shares of the exchange traded fund’s stock, valued at approximately $150,156,000.
Several other hedge funds also recently modified their holdings of the company. Schmidt P J Investment Management Inc. acquired a new position in iShares U.S. Technology ETF during the third quarter worth about $8,499,000. Chicago Partners Investment Group LLC bought a new stake in iShares U.S. Technology ETF in the third quarter worth about $470,000. Ascent Group LLC lifted its holdings in iShares U.S. Technology ETF by 1.4% in the 3rd quarter. Ascent Group LLC now owns 20,892 shares of the exchange traded fund’s stock valued at $5,534,000 after acquiring an additional 292 shares during the last quarter. Team Financial Group LLC acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $67,000. Finally, RFG Holdings Inc. acquired a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at about $205,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Trading Down 6.9%
NYSEARCA:IYW opened at $224.13 on Friday. The company has a 50-day moving average of $256.17 and a 200-day moving average of $230.06. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44.
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.
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