JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,033,291 shares of the exchange traded fund’s stock after purchasing an additional 1,031,871 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.85% of iShares U.S. Technology ETF worth $805,368,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. lifted its stake in iShares U.S. Technology ETF by 10.7% during the third quarter. Compound Planning Inc. now owns 135,021 shares of the exchange traded fund’s stock worth $26,445,000 after purchasing an additional 13,045 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in iShares U.S. Technology ETF by 20.6% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 42,286 shares of the exchange traded fund’s stock worth $8,444,000 after purchasing an additional 7,217 shares during the last quarter. Clear Creek Financial Management LLC increased its position in iShares U.S. Technology ETF by 32.2% during the third quarter. Clear Creek Financial Management LLC now owns 11,842 shares of the exchange traded fund’s stock worth $2,319,000 after buying an additional 2,882 shares during the period. ASL Financial LLC acquired a new position in iShares U.S. Technology ETF during the fourth quarter worth approximately $718,000. Finally, Tudor Investment Corp ET AL increased its position in iShares U.S. Technology ETF by 714.4% during the third quarter. Tudor Investment Corp ET AL now owns 23,284 shares of the exchange traded fund’s stock worth $4,560,000 after buying an additional 20,425 shares during the period. Hedge funds and other institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Down 1.7%
IYW opened at $241.08 on Wednesday. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a 52 week low of $162.80 and a 52 week high of $261.01. The business’s 50 day moving average is $222.69 and its two-hundred day moving average is $205.20.
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.
Further Reading
- Five stocks we like better than iShares U.S. Technology ETF
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for iShares U.S. Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
