Diversify Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,371 shares of the exchange traded fund’s stock, valued at approximately $1,286,000.
Other large investors also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at about $28,000. Bangor Savings Bank acquired a new stake in shares of iShares U.S. Technology ETF during the third quarter valued at about $31,000. Hantz Financial Services Inc. purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $31,000. Collier Financial purchased a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $37,000. Finally, Beacon Financial Strategies CORP purchased a new stake in iShares U.S. Technology ETF during the 4th quarter worth approximately $41,000. 57.65% of the stock is currently owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Stock Up 2.7%
IYW stock opened at $238.64 on Friday. iShares U.S. Technology ETF has a 52-week low of $147.48 and a 52-week high of $238.68. The stock’s 50 day moving average is $196.92 and its two-hundred day moving average is $198.33. The company has a market capitalization of $23.47 billion, a PE ratio of 34.95 and a beta of 1.33.
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). 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.
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