Harborfront Financial Group LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,561 shares of the exchange traded fund’s stock, valued at approximately $1,310,000. iShares U.S. Technology ETF accounts for approximately 9.8% of Harborfront Financial Group LLC’s holdings, making the stock its 3rd largest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $28,000. Kingdom Financial Group LLC. acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $41,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $44,000. Finally, Vestwell Advisors LLC acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Performance
Shares of NYSEARCA IYW opened at $253.97 on Tuesday. The company has a market capitalization of $24.98 billion, a P/E ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 52-week low of $162.98 and a 52-week high of $261.01. The company’s 50 day moving average price is $227.74 and its 200-day moving average price is $206.66.
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.
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