Verus Capital Partners LLC Buys 392 Shares of iShares U.S. Technology ETF $IYW

Verus Capital Partners LLC raised its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 3.3% during the second quarter, HoldingsChannel.com reports. The fund owned 12,294 shares of the exchange traded fund’s stock after buying an additional 392 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares U.S. Technology ETF were worth $2,130,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in iShares U.S. Technology ETF by 113.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock worth $143,521,000 after acquiring an additional 542,816 shares in the last quarter. Liberty Wealth Management LLC boosted its position in shares of iShares U.S. Technology ETF by 795.5% during the 1st quarter. Liberty Wealth Management LLC now owns 416,723 shares of the exchange traded fund’s stock worth $58,525,000 after purchasing an additional 370,190 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares U.S. Technology ETF by 4.4% in the 1st quarter. LPL Financial LLC now owns 5,335,760 shares of the exchange traded fund’s stock valued at $749,354,000 after buying an additional 224,438 shares during the period. PGIM Custom Harvest LLC increased its position in iShares U.S. Technology ETF by 4.4% in the 1st quarter. PGIM Custom Harvest LLC now owns 4,528,761 shares of the exchange traded fund’s stock valued at $636,019,000 after buying an additional 192,008 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in iShares U.S. Technology ETF by 323.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 186,792 shares of the exchange traded fund’s stock worth $32,365,000 after buying an additional 142,726 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Up 2.7%

NYSEARCA IYW opened at $204.85 on Tuesday. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98. The business has a 50 day moving average price of $196.26 and a 200-day moving average price of $178.50. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF 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).