Navellier & Associates Inc. lifted its stake in iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 791.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,802 shares of the exchange traded fund’s stock after acquiring an additional 37,111 shares during the period. Navellier & Associates Inc.’s holdings in iShares U.S. Technology ETF were worth $4,880,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of IYW. Monetary Solutions Ltd bought a new stake in iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Sankala Group LLC bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares U.S. Technology ETF during the 4th quarter worth about $28,000. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF during the third quarter valued at about $28,000. Finally, Kingdom Financial Group LLC. acquired a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at about $32,000. Institutional investors own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Performance
NYSEARCA IYW opened at $251.20 on Friday. iShares U.S. Technology ETF has a twelve month low of $172.54 and a twelve month high of $261.01. The stock has a market cap of $24.88 billion, a PE ratio of 34.95 and a beta of 1.36. The firm has a 50-day simple moving average of $245.94 and a 200 day simple moving average of $224.18.
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.
Recommended Stories
- Five stocks we like better than iShares U.S. Technology ETF
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
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.
