Steelhead Wealth Management LLC Takes Position in iShares U.S. Technology ETF $IYW

Steelhead Wealth Management LLC purchased a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,348 shares of the exchange traded fund’s stock, valued at approximately $2,058,000. iShares U.S. Technology ETF accounts for 1.0% of Steelhead Wealth Management LLC’s holdings, making the stock its 24th biggest position.

A number of other large investors have also modified their holdings of IYW. Monetary Solutions Ltd purchased a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Miller Capital Partners Inc. acquired a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter valued at about $28,000. Finally, Kingdom Financial Group LLC. acquired a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

Shares of iShares U.S. Technology ETF stock opened at $238.04 on Monday. The firm has a market capitalization of $23.58 billion, a PE ratio of 34.95 and a beta of 1.35. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The firm’s 50-day moving average price is $245.27 and its 200 day moving average price is $217.00.

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.