Essex Savings Bank Boosts Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Essex Savings Bank grew its holdings in iShares U.S. Technology ETF (NYSEARCA:IYW) by 49.8% in the 4th quarter, HoldingsChannel reports. The firm owned 4,015 shares of the exchange traded fund’s stock after buying an additional 1,335 shares during the quarter. Essex Savings Bank’s holdings in iShares U.S. Technology ETF were worth $640,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Phillips Financial Management LLC raised its stake in iShares U.S. Technology ETF by 1,545.5% in the third quarter. Phillips Financial Management LLC now owns 181 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Activest Wealth Management purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $52,000. Legacy Investment Solutions LLC purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $63,000. PSI Advisors LLC lifted its stake in shares of iShares U.S. Technology ETF by 36.2% during the 4th quarter. PSI Advisors LLC now owns 463 shares of the exchange traded fund’s stock worth $74,000 after purchasing an additional 123 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in iShares U.S. Technology ETF by 81.7% during the third quarter. Brown Brothers Harriman & Co. now owns 545 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 245 shares in the last quarter.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $160.16 on Thursday. The company has a 50-day simple moving average of $161.17 and a two-hundred day simple moving average of $153.32. iShares U.S. Technology ETF has a one year low of $121.05 and a one year high of $166.47. The company has a market capitalization of $19.68 billion, a PE ratio of 38.84 and a beta of 1.43.

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).