Pettinga Financial Advisors LLC Purchases 19,172 Shares of iShares U.S. Technology ETF $IYW

Pettinga Financial Advisors LLC lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 27.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,073 shares of the exchange traded fund’s stock after acquiring an additional 19,172 shares during the quarter. iShares U.S. Technology ETF makes up approximately 3.4% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Pettinga Financial Advisors LLC owned approximately 0.07% of iShares U.S. Technology ETF worth $15,434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. RCS Financial Planning LLC increased its position in iShares U.S. Technology ETF by 1.4% during the second quarter. RCS Financial Planning LLC now owns 8,323 shares of the exchange traded fund’s stock worth $1,442,000 after buying an additional 117 shares during the last quarter. IFG Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $334,000. Essex LLC grew its position in shares of iShares U.S. Technology ETF by 25.5% in the second quarter. Essex LLC now owns 48,987 shares of the exchange traded fund’s stock valued at $8,488,000 after purchasing an additional 9,962 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $39,000. Finally, Harbour Investments Inc. grew its position in shares of iShares U.S. Technology ETF by 4.9% in the second quarter. Harbour Investments Inc. now owns 28,966 shares of the exchange traded fund’s stock valued at $5,019,000 after purchasing an additional 1,353 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Trading Up 1.0%

iShares U.S. Technology ETF stock opened at $196.60 on Thursday. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. The stock’s 50 day moving average is $188.82 and its 200-day moving average is $168.90. 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).