Cornerstone Planning Group LLC Increases Stock Holdings in iShares U.S. Technology ETF (NYSEARCA:IYW)

Cornerstone Planning Group LLC raised its stake in iShares U.S. Technology ETF (NYSEARCA:IYWFree Report) by 32.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 667 shares of the exchange traded fund’s stock after purchasing an additional 163 shares during the period. Cornerstone Planning Group LLC’s holdings in iShares U.S. Technology ETF were worth $90,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $27,000. Trust Co. of Vermont acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $30,000. Headlands Technologies LLC acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $40,000. Atala Financial Inc acquired a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $52,000. Finally, First Community Trust NA acquired a new stake in shares of iShares U.S. Technology ETF in the first quarter valued at approximately $56,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Trading Up 0.8%

IYW stock opened at $176.30 on Thursday. The company has a market capitalization of $22.03 billion, a P/E ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $176.85. The business has a 50 day simple moving average of $162.00 and a 200-day simple moving average of $154.96.

iShares U.S. Technology ETF Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for iShares U.S. Technology ETF (NYSEARCA:IYW)

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