True Freedom Investing LLC acquired a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,080 shares of the exchange traded fund’s stock, valued at approximately $1,876,000.
Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Technology ETF in the second quarter worth approximately $200,579,000. Blue Fin Capital Inc. bought a new position in shares of iShares U.S. Technology ETF in the third quarter valued at approximately $669,000. First Heartland Consultants Inc. purchased a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $7,194,000. Forvis Mazars Wealth Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $900,000. Finally, True North Advisors LLC purchased a new position in shares of iShares U.S. Technology ETF during the first quarter valued at approximately $439,000. 57.65% of the stock is owned by institutional investors.
iShares U.S. Technology ETF Stock Performance
Shares of iShares U.S. Technology ETF stock opened at $242.67 on Monday. The stock has a fifty day simple moving average of $257.04 and a 200 day simple moving average of $229.36. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The company has a market capitalization of $23.68 billion, a P/E ratio of 34.95 and a beta of 1.35.
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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