RiverFront Investment Group LLC raised its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 918,400 shares of the exchange traded fund’s stock after acquiring an additional 20,409 shares during the period. iShares U.S. Technology ETF makes up 3.0% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 7th largest holding. RiverFront Investment Group LLC’s holdings in iShares U.S. Technology ETF were worth $183,386,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in IYW. AQR Capital Management LLC boosted its holdings in shares of 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 valued at $1,414,000 after purchasing an additional 3,699 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of iShares U.S. Technology ETF by 9.8% during the 2nd 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 bought a new position in shares of iShares U.S. Technology ETF during the 2nd quarter valued at about $222,000. Main Street Financial Solutions LLC boosted its holdings in shares of iShares U.S. Technology ETF by 95.7% during the 2nd 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 boosted its holdings in shares of iShares U.S. Technology ETF by 0.8% during the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
IYW opened at $238.80 on Monday. The firm has a 50-day simple moving average of $202.68 and a two-hundred day simple moving average of $199.96. iShares U.S. Technology ETF has a 52 week low of $154.02 and a 52 week high of $243.69. The company has a market capitalization of $23.49 billion, a PE ratio of 34.95 and a beta of 1.33.
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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