11,704 Shares of iShares U.S. Technology ETF $IYW Purchased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC purchased a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,704 shares of the exchange traded fund’s stock, valued at approximately $3,100,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Technology ETF in the 2nd quarter valued at about $200,579,000. First Merchants Corp acquired a new position in iShares U.S. Technology ETF in the 3rd quarter worth $42,477,000. Hsbc Holdings PLC raised its stake in shares of iShares U.S. Technology ETF by 10.3% in the 1st quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after purchasing an additional 91,338 shares during the period. Ashurst Perkins Coie Trust Co bought a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $14,840,000. Finally, Mechanics Bank Trust Department bought a new position in shares of iShares U.S. Technology ETF during the third quarter worth about $13,887,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Stock Down 0.2%

IYW traded down $0.48 during trading hours on Tuesday, hitting $253.78. 224,984 shares of the company’s stock were exchanged, compared to its average volume of 1,068,120. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $274.44. The stock’s 50-day moving average is $256.96 and its two-hundred day moving average is $242.25. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

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). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.