M Holdings Securities Inc. Buys New Position in iShares U.S. Technology ETF $IYW

M Holdings Securities Inc. bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,525 shares of the exchange traded fund’s stock, valued at approximately $1,133,000.

A number of other hedge funds have also recently modified their holdings of the business. Avantax Planning Partners Inc. bought a new stake in shares of iShares U.S. Technology ETF during the third quarter worth $872,000. Brighton Jones LLC bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at about $878,000. StoneX Group Inc. bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at about $1,713,000. Allen Investment Management LLC bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at about $2,810,000. Finally, Tennessee Valley Asset Management Partners boosted its position in iShares U.S. Technology ETF by 1.4% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 19,030 shares of the exchange traded fund’s stock valued at $5,041,000 after buying an additional 268 shares during the period. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $234.02 on Tuesday. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. The firm has a 50-day moving average of $255.29 and a two-hundred day moving average of $230.41. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year 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.