Cornerstone Wealth LLC TN Makes New Investment in iShares U.S. Technology ETF $IYW

Cornerstone Wealth LLC TN bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYWFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,580 shares of the exchange traded fund’s stock, valued at approximately $468,000.

Several other hedge funds also recently modified their holdings of IYW. Monetary Solutions Ltd bought a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Miller Capital Partners Inc. acquired a new position in iShares U.S. Technology ETF in the fourth quarter valued at about $28,000. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF during the 3rd quarter valued at about $28,000. Finally, Citizens National Bank Trust Department acquired a new position in shares of iShares U.S. Technology ETF in the 1st quarter valued at approximately $31,000. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $227.34 on Thursday. The business has a 50 day simple moving average of $245.41 and a 200 day simple moving average of $216.51. iShares U.S. Technology ETF has a 52-week low of $172.54 and a 52-week high of $261.01. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.

About iShares U.S. Technology ETF

(Free Report)

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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Institutional Ownership by Quarter for iShares U.S. Technology ETF (NYSEARCA:IYW)

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