iShares U.S. Technology ETF (NYSEARCA:IYW) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,420,965 shares of the exchange traded fund’s stock after purchasing an additional 314,689 shares during the period. JPMorgan Chase & Co. owned approximately 2.78% of iShares U.S. Technology ETF worth $545,713,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Howard Capital Management Group LLC raised its position in iShares U.S. Technology ETF by 1.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 208,920 shares of the exchange traded fund’s stock worth $31,677,000 after buying an additional 2,312 shares during the last quarter. Citigroup Inc. increased its stake in shares of iShares U.S. Technology ETF by 84.1% during the third quarter. Citigroup Inc. now owns 49,610 shares of the exchange traded fund’s stock worth $7,522,000 after acquiring an additional 22,667 shares during the period. Bank of Montreal Can lifted its position in iShares U.S. Technology ETF by 2.0% in the third quarter. Bank of Montreal Can now owns 106,630 shares of the exchange traded fund’s stock valued at $16,102,000 after purchasing an additional 2,041 shares during the period. FMR LLC lifted its position in iShares U.S. Technology ETF by 11.0% in the third quarter. FMR LLC now owns 62,648 shares of the exchange traded fund’s stock valued at $9,499,000 after purchasing an additional 6,225 shares during the period. Finally, Freedom Investment Management Inc. purchased a new stake in iShares U.S. Technology ETF in the 3rd quarter valued at approximately $209,000.

iShares U.S. Technology ETF Trading Down 2.8 %

Shares of IYW stock opened at $140.66 on Friday. The stock has a 50 day simple moving average of $155.45 and a 200-day simple moving average of $156.52. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 33.00 and a beta of 1.16. iShares U.S. Technology ETF has a 12-month low of $124.32 and a 12-month high of $167.30.

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).