Commonwealth Financial Services LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,704 shares of the exchange traded fund’s stock, valued at approximately $3,100,000.
Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in iShares U.S. Technology ETF by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,352,659 shares of the exchange traded fund’s stock valued at $341,174,000 after acquiring an additional 31,952 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter valued at $200,579,000. Hsbc Holdings PLC boosted its stake in shares of iShares U.S. Technology ETF by 10.3% during the first quarter. Hsbc Holdings PLC now owns 977,825 shares of the exchange traded fund’s stock valued at $177,397,000 after purchasing an additional 91,338 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of iShares U.S. Technology ETF by 11.0% during the first quarter. Kestra Advisory Services LLC now owns 495,359 shares of the exchange traded fund’s stock worth $89,868,000 after purchasing an additional 48,940 shares during the last quarter. Finally, First Merchants Corp acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth approximately $42,477,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Performance
Shares of iShares U.S. Technology ETF stock traded down $0.48 during trading hours on Tuesday, reaching $253.78. The company’s stock had a trading volume of 224,984 shares, compared to its average volume of 1,068,120. iShares U.S. Technology ETF has a one year low of $172.54 and a one year high of $274.44. The company has a market capitalization of $24.65 billion, a P/E ratio of 34.95 and a beta of 1.35. The stock’s fifty day simple moving average is $256.96 and its two-hundred day simple moving average is $242.25.
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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