Gerald Baker Financial Group LLC acquired a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 38,544 shares of the exchange traded fund’s stock, valued at approximately $6,993,000. iShares U.S. Technology ETF makes up 2.4% of Gerald Baker Financial Group LLC’s portfolio, making the stock its 14th biggest holding.
Other institutional investors also recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in iShares U.S. Technology ETF during the first quarter worth $3,075,000. D.A. Davidson & CO. increased its holdings in shares of iShares U.S. Technology ETF by 99.0% in the 1st quarter. D.A. Davidson & CO. now owns 21,454 shares of the exchange traded fund’s stock valued at $3,892,000 after acquiring an additional 10,674 shares during the period. Bank of New York Mellon Corp raised its position in shares of iShares U.S. Technology ETF by 15.8% in the 1st quarter. Bank of New York Mellon Corp now owns 47,504 shares of the exchange traded fund’s stock worth $8,618,000 after acquiring an additional 6,473 shares in the last quarter. IMC Chicago LLC bought a new position in shares of iShares U.S. Technology ETF in the 1st quarter worth $444,000. Finally, Harmony Asset Management LLC lifted its stake in shares of iShares U.S. Technology ETF by 4.4% during the 1st quarter. Harmony Asset Management LLC now owns 6,583 shares of the exchange traded fund’s stock worth $1,194,000 after purchasing an additional 278 shares during the last quarter. 57.65% of the stock is owned by hedge funds and other institutional investors.
iShares U.S. Technology ETF Price Performance
Shares of IYW stock opened at $242.70 on Friday. iShares U.S. Technology ETF has a 1-year low of $172.54 and a 1-year high of $261.01. The stock’s 50-day moving average is $245.65 and its 200 day moving average is $214.19. The company has a market cap of $24.42 billion, a P/E ratio of 34.95 and a beta of 1.35.
iShares U.S. Technology ETF Profile
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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