True Freedom Investing LLC Makes New $1.88 Million Investment in iShares U.S. Technology ETF $IYW

True Freedom Investing LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,080 shares of the exchange traded fund’s stock, valued at approximately $1,876,000.

A number of other large investors have also bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of iShares U.S. Technology ETF during the third quarter valued at about $36,000. Pinkerton Wealth LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $1,475,000. MeadowBrook Investment Advisors LLC bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter worth about $116,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $1,245,000. Finally, Aviance Capital Partners LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter valued at about $2,302,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $242.67 on Monday. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The business has a 50-day simple moving average of $257.04 and a 200 day simple moving average of $229.36.

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.