iShares U.S. Technology ETF $IYW Shares Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC grew its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 149.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 39,830 shares of the exchange traded fund’s stock after acquiring an additional 23,846 shares during the period. iShares U.S. Technology ETF comprises about 1.3% of Commonwealth Financial Services LLC’s holdings, making the stock its 26th largest position. Commonwealth Financial Services LLC’s holdings in iShares U.S. Technology ETF were worth $6,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in iShares U.S. Technology ETF during the first quarter worth about $27,000. Trust Co. of Vermont acquired a new stake in iShares U.S. Technology ETF during the first quarter worth about $30,000. Park Square Financial Group LLC increased its stake in iShares U.S. Technology ETF by 588.2% during the first quarter. Park Square Financial Group LLC now owns 234 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. SJS Investment Consulting Inc. acquired a new stake in iShares U.S. Technology ETF during the second quarter worth about $41,000. Finally, Accredited Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF during the first quarter worth about $33,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW opened at $192.80 on Friday. The firm has a market capitalization of $20.47 billion, a PE ratio of 34.95 and a beta of 1.15. The business has a 50-day moving average of $187.90 and a two-hundred day moving average of $167.96. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $201.50.

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).