iShares U.S. Technology ETF $IYW Shares Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. boosted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,210 shares of the exchange traded fund’s stock after buying an additional 375 shares during the period. Freedom Investment Management Inc.’s holdings in iShares U.S. Technology ETF were worth $556,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IYW. Bessemer Group Inc. increased its position in iShares U.S. Technology ETF by 19.8% in the first quarter. Bessemer Group Inc. now owns 1,199 shares of the exchange traded fund’s stock worth $168,000 after buying an additional 198 shares during the period. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at $30,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of iShares U.S. Technology ETF by 43.5% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 35,943 shares of the exchange traded fund’s stock valued at $5,048,000 after purchasing an additional 10,895 shares during the period. 3Chopt Investment Partners LLC acquired a new position in shares of iShares U.S. Technology ETF during the first quarter valued at $386,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of iShares U.S. Technology ETF by 1.3% during the first quarter. Sunbelt Securities Inc. now owns 22,763 shares of the exchange traded fund’s stock valued at $3,197,000 after purchasing an additional 291 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

Shares of IYW opened at $203.09 on Friday. The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 34.95 and a beta of 1.15. iShares U.S. Technology ETF has a one year low of $117.55 and a one year high of $203.85. The stock’s fifty day moving average is $190.92 and its 200-day moving average is $172.44.

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).