Victory Financial Group LLC bought a new position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,100 shares of the exchange traded fund’s stock, valued at approximately $1,218,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IYW. Triumph Capital Management acquired a new stake in shares of iShares U.S. Technology ETF in the third quarter worth $28,000. Bangor Savings Bank acquired a new position in iShares U.S. Technology ETF in the 3rd quarter valued at $31,000. Hantz Financial Services Inc. acquired a new position in iShares U.S. Technology ETF in the 3rd quarter valued at $31,000. Abound Wealth Management bought a new position in iShares U.S. Technology ETF in the 3rd quarter worth $34,000. Finally, Collier Financial acquired a new position in iShares U.S. Technology ETF during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 57.65% of the company’s stock.
iShares U.S. Technology ETF Price Performance
IYW stock opened at $181.42 on Wednesday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The company has a 50-day moving average of $191.47 and a two-hundred day moving average of $196.47. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.
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.
See Also
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