Steelhead Wealth Management LLC Purchases Shares of 11,348 iShares U.S. Technology ETF $IYW

Steelhead Wealth Management LLC acquired a new position in iShares U.S. Technology ETF (NYSEARCA:IYW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,348 shares of the exchange traded fund’s stock, valued at approximately $2,058,000. iShares U.S. Technology ETF comprises 1.0% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in iShares U.S. Technology ETF by 34.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after buying an additional 1,031,871 shares during the period. Focus Partners Wealth lifted its stake in iShares U.S. Technology ETF by 450.1% during the 4th quarter. Focus Partners Wealth now owns 312,367 shares of the exchange traded fund’s stock valued at $62,373,000 after acquiring an additional 255,584 shares during the period. Axxcess Wealth Management LLC acquired a new stake in iShares U.S. Technology ETF during the 4th quarter valued at approximately $41,199,000. Morgan Stanley boosted its holdings in shares of iShares U.S. Technology ETF by 3.3% in the 4th quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after acquiring an additional 186,297 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of iShares U.S. Technology ETF by 14,772.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 171,187 shares of the exchange traded fund’s stock valued at $29,662,000 after acquiring an additional 170,036 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of iShares U.S. Technology ETF stock opened at $238.04 on Monday. The firm has a fifty day moving average price of $245.27 and a 200 day moving average price of $217.00. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The stock has a market cap of $23.58 billion, a PE ratio of 34.95 and a beta of 1.35.

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.