Castle Rock Wealth Management LLC boosted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) by 60.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,645 shares of the exchange traded fund’s stock after purchasing an additional 6,643 shares during the quarter. iShares U.S. Technology ETF comprises 0.9% of Castle Rock Wealth Management LLC’s holdings, making the stock its 23rd largest position. Castle Rock Wealth Management LLC’s holdings in iShares U.S. Technology ETF were worth $4,810,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in IYW. Monetary Solutions Ltd bought a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $26,000. Sankala Group LLC bought a new stake in iShares U.S. Technology ETF during the fourth quarter worth about $26,000. Go Invest LLC bought a new stake in iShares U.S. Technology ETF during the third quarter worth about $30,000. Citizens National Bank Trust Department acquired a new stake in shares of iShares U.S. Technology ETF during the first quarter worth approximately $31,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of iShares U.S. Technology ETF in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Stock Up 0.5%
IYW traded up $1.43 during trading on Friday, hitting $269.01. The company’s stock had a trading volume of 405,699 shares, compared to its average volume of 1,082,228. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 34.95 and a beta of 1.35. The firm’s 50 day moving average price is $255.29 and its two-hundred day moving average price is $238.32. iShares U.S. Technology ETF has a 12 month low of $172.54 and a 12 month high of $274.44.
iShares U.S. Technology ETF Company 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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