Aspen Investment Management Inc Makes New Investment in iShares U.S. Technology ETF $IYW

Aspen Investment Management Inc purchased a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,200 shares of the exchange traded fund’s stock, valued at approximately $639,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $28,000. Hantz Financial Services Inc. acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $31,000. Collier Financial acquired a new position in iShares U.S. Technology ETF in the third quarter worth approximately $37,000. Beacon Financial Strategies CORP acquired a new position in iShares U.S. Technology ETF in the fourth quarter worth approximately $41,000. Finally, Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Technology ETF in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $239.33 on Thursday. The company has a 50 day moving average price of $205.45 and a 200 day moving average price of $200.54. iShares U.S. Technology ETF has a 52 week low of $154.02 and a 52 week high of $243.69. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

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.