Plancorp LLC Makes New $993,000 Investment in iShares U.S. Technology ETF $IYW

Plancorp LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,091 shares of the exchange traded fund’s stock, valued at approximately $993,000.

Several other hedge funds have also recently added to or reduced their stakes in IYW. Envestnet Asset Management Inc. boosted its holdings in iShares U.S. Technology ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock worth $341,174,000 after buying an additional 31,952 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth about $200,579,000. Hsbc Holdings PLC increased its stake in shares of iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after acquiring an additional 91,338 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $150,156,000. Finally, Kestra Advisory Services LLC increased its stake in shares of iShares U.S. Technology ETF by 1.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 483,241 shares of the exchange traded fund’s stock valued at $128,011,000 after acquiring an additional 5,513 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $227.07 on Friday. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 34.95 and a beta of 1.37. The firm’s 50 day simple moving average is $255.64 and its 200 day simple moving average is $230.22. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44.

iShares U.S. Technology ETF Company 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.