Citizens Financial Group Inc. RI Buys 4,291 Shares of iShares U.S. Technology ETF $IYW

Citizens Financial Group Inc. RI increased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 21.1% in the 1st quarter, Holdings Channel reports. The fund owned 24,649 shares of the exchange traded fund’s stock after buying an additional 4,291 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in iShares U.S. Technology ETF were worth $4,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IYW. AQR Capital Management LLC lifted its stake in iShares U.S. Technology ETF by 58.1% during the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after purchasing an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of iShares U.S. Technology ETF by 9.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after purchasing an additional 98 shares in the last quarter. First Trust Advisors LP bought a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $222,000. Main Street Financial Solutions LLC increased its position in shares of iShares U.S. Technology ETF by 95.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 166 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of NYSEARCA IYW opened at $250.08 on Monday. The stock’s 50-day moving average is $244.13 and its 200 day moving average is $212.97. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01.

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.