iShares U.S. Technology ETF $IYW Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 1,022.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 34,045 shares of the exchange traded fund’s stock after acquiring an additional 31,011 shares during the quarter. Fifth Third Bancorp’s holdings in iShares U.S. Technology ETF were worth $6,176,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Monetary Solutions Ltd acquired a new stake in shares of iShares U.S. Technology ETF during the fourth quarter worth $26,000. Sankala Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $28,000. Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $28,000. Finally, Kingdom Financial Group LLC. purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $32,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Trading Down 2.3%

NYSEARCA IYW opened at $242.70 on Friday. iShares U.S. Technology ETF has a 1 year low of $172.54 and a 1 year high of $261.01. The company has a market cap of $24.42 billion, a PE ratio of 34.95 and a beta of 1.35. The stock’s 50-day moving average price is $245.65 and its two-hundred day moving average price is $214.19.

iShares U.S. Technology ETF 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.