Cornerstone Wealth LLC TN acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 2,580 shares of the exchange traded fund’s stock, valued at approximately $468,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in iShares U.S. Technology ETF by 58.1% during the 1st quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock worth $1,414,000 after acquiring an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of iShares U.S. Technology ETF by 9.8% in the second quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 98 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of iShares U.S. Technology ETF in the second quarter valued at approximately $222,000. Main Street Financial Solutions LLC raised its holdings in shares of iShares U.S. Technology ETF by 95.7% in the second quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of iShares U.S. Technology ETF by 0.8% in the second quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock worth $3,612,000 after purchasing an additional 166 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.
iShares U.S. Technology ETF Trading Down 2.1%
Shares of IYW opened at $227.34 on Thursday. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $261.01. The firm has a fifty day simple moving average of $245.41 and a 200 day simple moving average of $216.51. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35.
About iShares U.S. Technology ETF
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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