Peddock Capital Advisors LLC Makes New $607,000 Investment in iShares U.S. Technology ETF $IYW

Peddock Capital Advisors LLC bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,290 shares of the exchange traded fund’s stock, valued at approximately $607,000.

A number of other hedge funds have also modified their holdings of IYW. GKV Capital Management Co. Inc. lifted its stake in shares of iShares U.S. Technology ETF by 3.2% in the first quarter. GKV Capital Management Co. Inc. now owns 1,462 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 46 shares in the last quarter. Tactive Advisors LLC grew its stake in iShares U.S. Technology ETF by 1.2% during the 2nd quarter. Tactive Advisors LLC now owns 5,133 shares of the exchange traded fund’s stock valued at $1,295,000 after acquiring an additional 60 shares in the last quarter. Catalina Capital Group LLC grew its stake in iShares U.S. Technology ETF by 0.7% during the 1st quarter. Catalina Capital Group LLC now owns 8,824 shares of the exchange traded fund’s stock valued at $1,601,000 after acquiring an additional 63 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 6,628 shares of the exchange traded fund’s stock valued at $1,756,000 after acquiring an additional 63 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its holdings in iShares U.S. Technology ETF by 0.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 13,140 shares of the exchange traded fund’s stock valued at $2,384,000 after acquiring an additional 65 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Trading Down 2.9%

IYW stock traded down $7.46 during mid-day trading on Friday, reaching $251.24. The company’s stock had a trading volume of 984,968 shares, compared to its average volume of 1,075,354. The company’s 50 day moving average is $256.92 and its two-hundred day moving average is $241.26. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $274.44. The stock has a market cap of $24.41 billion, a PE ratio of 34.95 and a beta of 1.35.

iShares U.S. Technology ETF 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.