Sei Investments Co. Invests $673,000 in iShares U.S. Technology ETF $IYW

Sei Investments Co. acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the first quarter, Holdings Channel reports. The institutional investor acquired 3,710 shares of the exchange traded fund’s stock, valued at approximately $673,000.

Several other hedge funds have also recently made changes to their positions in IYW. JPMorgan Chase & Co. raised its stake in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the last quarter. Focus Partners Wealth grew its stake in iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after purchasing an additional 255,584 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in iShares U.S. Technology ETF during the 4th quarter valued at about $41,199,000. Morgan Stanley increased its holdings in shares of iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after purchasing an additional 186,297 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of iShares U.S. Technology ETF by 14,772.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after purchasing an additional 170,036 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 0.4%

Shares of NYSEARCA:IYW opened at $255.50 on Friday. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $261.01. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. The business has a 50-day moving average price of $245.48 and a 200-day moving average price of $220.59.

iShares U.S. Technology ETF 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.