Strategy Asset Managers LLC Buys New Stake in iShares U.S. Technology ETF $IYW

Strategy Asset Managers LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,423 shares of the exchange traded fund’s stock, valued at approximately $642,000.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at about $200,579,000. First Heartland Consultants Inc. bought a new position in iShares U.S. Technology ETF during the third quarter worth about $7,194,000. Goodman Advisory Group LLC bought a new position in iShares U.S. Technology ETF during the first quarter worth about $510,000. CrossGen Wealth LLC bought a new position in iShares U.S. Technology ETF during the fourth quarter worth about $880,000. Finally, True North Advisors LLC bought a new position in iShares U.S. Technology ETF during the first quarter worth about $439,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Down 2.9%

Shares of iShares U.S. Technology ETF stock opened at $259.54 on Thursday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $274.44. The company has a 50-day simple moving average of $256.82 and a two-hundred day simple moving average of $240.61. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

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.