The Manufacturers Life Insurance Company Makes New $200.58 Million Investment in iShares U.S. Technology ETF $IYW

The Manufacturers Life Insurance Company bought a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the second quarter, according to its most recent filing with the SEC. The firm bought 795,221 shares of the exchange traded fund’s stock, valued at approximately $200,579,000. The Manufacturers Life Insurance Company owned approximately 0.80% of iShares U.S. Technology ETF as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IYW. Morgan Stanley boosted its position in iShares U.S. Technology ETF by 3.3% in the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after buying an additional 186,297 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock valued at $805,368,000 after acquiring an additional 1,031,871 shares during the last quarter. UBS Group AG increased its stake in shares of iShares U.S. Technology ETF by 4.0% in the third quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares during the period. Raymond James Financial Inc. raised its holdings in shares of iShares U.S. Technology ETF by 6.5% during the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock worth $276,993,000 after purchasing an additional 97,389 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Technology ETF by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after purchasing an additional 27,056 shares during the last quarter. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW opened at $250.31 on Friday. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The company has a market capitalization of $24.79 billion, a PE ratio of 34.95 and a beta of 1.36. The company has a fifty day moving average of $246.93 and a 200 day moving average of $228.13.

iShares U.S. Technology ETF Company Profile

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.