Patton Albertson Miller Group LLC acquired a new stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 107,349 shares of the exchange traded fund’s stock, valued at approximately $28,437,000. iShares U.S. Technology ETF makes up about 2.9% of Patton Albertson Miller Group LLC’s portfolio, making the stock its 6th largest holding.
Several other institutional investors and hedge funds have also modified their holdings of IYW. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Technology ETF during the 2nd quarter worth $200,579,000. First Heartland Consultants Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter worth $7,194,000. True North Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF in the 1st quarter worth $439,000. Three Seasons Wealth LLC boosted its holdings in iShares U.S. Technology ETF by 2,412.9% in the second quarter. Three Seasons Wealth LLC now owns 42,945 shares of the exchange traded fund’s stock valued at $10,832,000 after acquiring an additional 41,236 shares during the last quarter. Finally, RVW Wealth LLC boosted its holdings in iShares U.S. Technology ETF by 16.8% in the third quarter. RVW Wealth LLC now owns 104,891 shares of the exchange traded fund’s stock valued at $27,786,000 after acquiring an additional 15,114 shares during the last quarter. Hedge funds and other institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Trading Up 1.2%
IYW stock opened at $252.88 on Tuesday. The stock has a 50-day moving average price of $256.81 and a two-hundred day moving average price of $228.35. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The company has a market cap of $24.57 billion, a PE 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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