Western Wealth Management LLC raised its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 26.0% in the first quarter, HoldingsChannel.com reports. The firm owned 17,175 shares of the exchange traded fund’s stock after buying an additional 3,539 shares during the period. Western Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $3,116,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of IYW. Monetary Solutions Ltd bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at $26,000. Sankala Group LLC bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $26,000. Miller Capital Partners Inc. bought a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth about $28,000. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the 3rd quarter worth about $28,000. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth about $32,000. 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 $238.04 on Friday. iShares U.S. Technology ETF has a fifty-two week low of $172.54 and a fifty-two week high of $261.01. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm’s 50-day simple moving average is $245.27 and its 200 day simple moving average is $216.90.
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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