MV Capital Management Inc. bought a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the exchange traded fund’s stock, valued at approximately $399,000.
Several other hedge funds have also made changes to their positions in the business. Compound Planning Inc. increased its stake in shares of iShares U.S. Technology ETF by 10.7% during the third quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after acquiring an additional 13,045 shares during the period. Bartlett & CO. Wealth Management LLC increased its position in iShares U.S. Technology ETF by 20.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock worth $8,444,000 after purchasing an additional 7,217 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Technology ETF by 34.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after buying an additional 1,031,871 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of iShares U.S. Technology ETF by 32.2% during the 3rd quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock worth $2,319,000 after buying an additional 2,882 shares in the last quarter. Finally, ASL Financial LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at approximately $718,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
iShares U.S. Technology ETF stock opened at $253.57 on Friday. iShares U.S. Technology ETF has a 1-year low of $162.98 and a 1-year high of $261.01. The company has a market cap of $24.94 billion, a PE ratio of 34.95 and a beta of 1.36. The stock’s 50 day moving average price is $232.73 and its 200 day moving average price is $208.07.
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.
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