Compass Financial Group Inc. Ohio Invests $1.63 Million in iShares U.S. Technology ETF $IYW

Compass Financial Group Inc. Ohio bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) in the 4th quarter, HoldingsChannel.com reports. The fund bought 8,170 shares of the exchange traded fund’s stock, valued at approximately $1,631,000. iShares U.S. Technology ETF accounts for approximately 1.2% of Compass Financial Group Inc. Ohio’s holdings, making the stock its 24th largest holding.

Several other large investors have also recently made changes to their positions in IYW. Morgan Stanley grew its position in iShares U.S. Technology ETF by 3.3% during the fourth quarter. Morgan Stanley now owns 5,773,004 shares of the exchange traded fund’s stock valued at $1,152,754,000 after buying an additional 186,297 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Technology ETF by 34.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,033,291 shares of the exchange traded fund’s stock worth $805,368,000 after acquiring an additional 1,031,871 shares during the period. UBS Group AG boosted its stake in shares of iShares U.S. Technology ETF by 4.0% during the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock worth $368,730,000 after acquiring an additional 72,485 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after acquiring an additional 97,389 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of iShares U.S. Technology ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock valued at $200,481,000 after acquiring an additional 27,056 shares during the period. 57.65% of the stock is currently owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Stock Performance

NYSEARCA IYW opened at $253.57 on Friday. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 34.95 and a beta of 1.36. iShares U.S. Technology ETF has a twelve month low of $162.98 and a twelve month high of $261.01. The stock has a 50-day moving average of $232.73 and a 200 day moving average of $208.07.

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.