Gerald Baker Financial Group LLC Acquires New Position in iShares U.S. Technology ETF $IYW

Gerald Baker Financial Group LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 38,544 shares of the exchange traded fund’s stock, valued at approximately $6,993,000. iShares U.S. Technology ETF accounts for approximately 2.4% of Gerald Baker Financial Group LLC’s holdings, making the stock its 14th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in iShares U.S. Technology ETF in the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF during the 3rd quarter worth $28,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF during the 4th quarter worth $28,000. Finally, Citizens National Bank Trust Department bought a new stake in iShares U.S. Technology ETF during the 1st quarter valued at $31,000. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Down 2.3%

Shares of NYSEARCA IYW opened at $242.70 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The firm has a market cap of $24.42 billion, a PE ratio of 34.95 and a beta of 1.35. The business has a fifty day simple moving average of $245.65 and a two-hundred day simple moving average of $214.19.

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.