iShares U.S. Technology ETF $IYW Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. boosted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,210 shares of the exchange traded fund’s stock after buying an additional 375 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares U.S. Technology ETF were worth $556,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IYW. Bessemer Group Inc. boosted its stake in iShares U.S. Technology ETF by 19.8% during the first quarter. Bessemer Group Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $168,000 after buying an additional 198 shares in the last quarter. Trust Co. of Vermont bought a new position in iShares U.S. Technology ETF during the first quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC boosted its stake in iShares U.S. Technology ETF by 43.5% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 35,943 shares of the exchange traded fund’s stock valued at $5,048,000 after buying an additional 10,895 shares in the last quarter. 3Chopt Investment Partners LLC bought a new position in iShares U.S. Technology ETF during the first quarter valued at about $386,000. Finally, Sunbelt Securities Inc. boosted its stake in iShares U.S. Technology ETF by 1.3% during the first quarter. Sunbelt Securities Inc. now owns 22,763 shares of the exchange traded fund’s stock valued at $3,197,000 after buying an additional 291 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Up 1.6%

Shares of IYW stock opened at $203.09 on Friday. The stock has a 50-day simple moving average of $190.92 and a 200 day simple moving average of $172.44. iShares U.S. Technology ETF has a fifty-two week low of $117.55 and a fifty-two week high of $203.85. The stock has a market capitalization of $21.66 billion, a P/E ratio of 34.95 and a beta of 1.15.

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).