Focus Partners Wealth increased its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 450.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,367 shares of the exchange traded fund’s stock after buying an additional 255,584 shares during the period. Focus Partners Wealth’s holdings in iShares U.S. Technology ETF were worth $62,373,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $28,000. Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $32,000. Beacon Financial Strategies CORP purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $41,000. Flagship Harbor Advisors LLC purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $44,000. Finally, Vestwell Advisors LLC purchased a new position in iShares U.S. Technology ETF in the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
IYW stock opened at $253.97 on Tuesday. The company has a market capitalization of $24.98 billion, a PE ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 12 month low of $162.98 and a 12 month high of $261.01. The firm’s 50-day moving average is $227.74 and its 200 day moving average 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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