Parker Investment Management LLC Has $121.41 Million Stake in iShares U.S. Technology ETF $IYW

Parker Investment Management LLC increased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 126.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 700,717 shares of the exchange traded fund’s stock after acquiring an additional 391,273 shares during the period. iShares U.S. Technology ETF makes up approximately 17.0% of Parker Investment Management LLC’s investment portfolio, making the stock its biggest position. Parker Investment Management LLC owned 0.56% of iShares U.S. Technology ETF worth $121,413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IYW. Picton Mahoney Asset Management raised its position in shares of iShares U.S. Technology ETF by 16.7% in the first quarter. Picton Mahoney Asset Management now owns 700 shares of the exchange traded fund’s stock valued at $98,000 after buying an additional 100 shares during the last quarter. Presilium Private Wealth LLC purchased a new position in iShares U.S. Technology ETF in the 2nd quarter worth approximately $203,000. Arkadios Wealth Advisors boosted its holdings in shares of iShares U.S. Technology ETF by 66.4% during the 1st quarter. Arkadios Wealth Advisors now owns 21,965 shares of the exchange traded fund’s stock worth $3,085,000 after purchasing an additional 8,764 shares during the last quarter. Sigma Investment Counselors Inc. acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $224,000. Finally, NorthRock Partners LLC grew its holdings in shares of iShares U.S. Technology ETF by 1.5% in the first quarter. NorthRock Partners LLC now owns 5,576 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 83 shares during the period. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW opened at $199.16 on Friday. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The company has a market capitalization of $21.47 billion, a P/E ratio of 34.95 and a beta of 1.23. The company has a 50 day simple moving average of $197.79 and a 200-day simple moving average of $179.88.

iShares U.S. Technology ETF Company 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).